In October 32 Albemarle County homes sold for an average sale price of $473,967 which was 89.25% of the list price. The homes were on the market for an average of 120 days.
In September on 2009, 51 homes had contracts that closed in Albemarle County, with an average sale price of $402,281. They sold for an average of 94.31% of the list price and had been on the market for an average of 116 days.
August saw the highest number of sales during the past three months with 74 Albemarle County homes having contracts that closed. They sold for an average of $476,397 which was an average of 93.06% of the list price and were on the market for an average of 101 days.
Today there are 602 Albemarle County homes for sale. They are listed for an average price of $603,404 and a median of $459,900. They have been on the market for an average of 191 days so far.
If we compare this years sales to date with the same period in 2008, we will see that from 1/1/2009-11/1/2009 532 homes sold on the Albemarle County real estate market. This represents a -12.1% decline in home sales from last year.
Historically we would not be surprised that the October Albemarle home sales were down from August and September as home sales moving into the holiday season and winter months usually slow down. However this year I would have expected September and the first half of October to be particularly strong as the first time homebuyers took advantage of the rapidly expiring First Time Homebuyers Tax Credit. There has been some talk about the possibility of an extension of the tax credit, but that still has a long way to go to get through Congress. It is much too early to count on passage.
These figures are from the mls and while they are presumed correct are not guaranteed.
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville. Email Pam Dent.
View all of the Charlottesville Virginia homes for sale.
View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate.
Copyright © 2009 by Pam Dent, all rights reserved, "Albemarle County Real Estate Market Report - October 2009".
This Greene County VA Real Estate Market Report examines the sale of single family detached homes in Greene County during the month of September as compared with the sales from previous months.
19 Greene County homes sold during September for an average sale price of $227,712. The homes had been on the market for an average of 110 days and sold for an average of 99.38% of the list price.
In August 2009, 18 Greene County homes had contracts that closed. The homes had an average sale price of $272,053, after being on the market for an average of 70 days. They sold for an average of 97.96% of the list price.
20 homes sold in Greene County during the month of July. They had an average sale price of $268,582, an average DOM of 114 and had sold for an average of 97.68% of the list price.
Today, 10/18/2009, there are 161 Greene County VA homes for sale. They are listed for an average of $352,542 and a median of $279,000. The homes have been on the market for an average of 142 days so far.
During the time frame of 1/1/2009-10/2/2009, 132 Greene County homes sold. This represents a decline in sales in the Greene County real estate market of -7.0% as compared with the same period in 2008.
As you can see from the graph Greene County home sales have been holding fairly steady for the past three months. However the sales price has declined steadily over the past three months. Whether this represents an actual decline in home values or merely the fact that consumers are more comfortable buying in a lower price range is something that will take more time to determine as we watch the figures through the next several months. At the September rate of sales we have 9.79 months of inventory listed for sale on the Greene County real estate market. Since a balanced market is 6 months of inventory, you can see that we remain in a buyers market.
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville. Email Pam Dent.
View all of the Charlottesville Virginia homes for sale.
View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate.
Copyright © 2009 by Pam Dent, all rights reserved, "Greene County VA Real Estate Market Report - September 2009'.
The Charlottesville VA real estate market offers green homes for the environmentally conscious buyer.
We all are conscious of the changes that have been happening to our environment particularly climate change. Having lived in Charlottesville Virginia for over 50 years i can reflect back over many years of weather and the climate has changed. We have had much less snowfall over the past 10 years. We have been seeing less rainfall overall, however this summer has been very cool and wet so our watertable is somewhat replentished. One of the bigger changes that I have observed seems to be an increase in extreme weather, more severe storms and an increase in tornado warnings (it doesn't take many tornado warnings for this to be an increase in an area where they were almost unheard of).
It seems that almost everything that we do has an effect on our fragile environment and most of the ways that we impact the planet impact the climate in turn. Our homes have a big impact on the environment, from the products that are used in the home, how those products are manufactured or where and how they are taken from nature as in the case of trees. One of the largest ways that our homes directly effect the environment and contribute to climate change is through their consumption of energy.
Therefore it makes sense to build homes that lessen the negative impact on the planet. We are seeing an increasing number of savvy buyers who are interested in a green built energy efficient home. To make it easier for these buyers to search the mls we now have an eco certified category. This includes Energy Star, American Lung Association Health Houses, Earthcraft Certified, Energy Wise Certified, and Water Sense Certified Fixtures.
Currently there are 23 Charlottesville green homes for sale with an eco certification on the Charlottesville real estate market including Albemarle County. These are homes that are already built. There are also 19 Charlottesville eco certified homes that are listed as proposed to be built. There are even a couple of eco communities, in the city and the county. I think that these figures from the mls may be low. I think that there are even more Energy Star and Earth Craft homes that are being built in the Charlottesville area where the eco certified box has not been checked on the listing sheet.
If you are looking for a home in the Central Virginia area, and would like information
on the green homes and communities in the area give me a call.
Today is Blog Action Day 2009 and bloggers are helping to raise awareness about the danger of climate change and how it affects the planet.
During September 11 condos sold on the Charlottesville real estate market. They sold for an average price of $224,177 and had been on the market for an average of 83 days. The condos sold for an average of 91.85% of the list price.
In August of 2009, 17 Charlottesville condominiums sold for an average price of $196,941. They were on the market for an average of 115 days and sold for an average of 94.30% of the list price.
In July there were 24 Charlottesville condos that had contracts that sold with an average sale price of $192,434 and an average DOM of 64 days. They sold for an average of 92.26% of the list price.
Today 10/11/2009 there are 218 Charlottesville VA condominiums for sale. They are listed for an average price of $239,790, with a median of $192,200 and have been on the market for an average of 203 days so far.
During the time period of 1/1/2009-10/2/2009, 113 condos sold on the Charlottesville VA real estate market. This represents a decline in sales of -41.1% for the year to date.
Condominiums have been the hardest hit segment of the local real estate market. With the $8,000 First Time Homebuyers Tax Credit one would think that condos sales would have been doing well. After all condos often represent an affordable option. Unfortunately it is almost impossible to obtain financing for condos in many projects. The lenders are reluctant to lend money for condo purchases, particularly if the condo is in a project that where the units are either largely investor owned or if the majority of the units are student occupied. Some of the condo sales that we have seen in the Charlottesville real estate market have been to investors who are able to present a cash contract.
The above figures are from the local mls and while they are deemed correct are not guaranteed.
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville. Email Pam Dent.
View all of the Charlottesville Virginia homes for sale.
View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate.
Copyright © 2009 by Pam Dent, all rights reserved, "Charlottesville VA Real Estate Market Report Condominiums - September 2009".
This Fluvanna County VA real estate market report will examine the sales of single family detached homes during the month of September.
22 Fluvanna County homes had contracts that closed in September 2009. The average sale price was $263,816 and the homes spent an average of 106 days on the market. They sold for an average of 96.80% of the list price.
In August 26 homes sold in Fluvanna for an average price of $232,328 after being on the market for an average of 103 days. The homes sold for an average of 98.77% of the list price.
During July 22 homes sold on the Fluvanna County real estate market. Their average sales price was $279,350 and they had been on the market for an average of 143 days. The homes sold for an average of 94.87% of the list price.
Today 10/9/2009 there are 279 Fluvanna County VA homes for sale. They are listed for an average price of $310,241 and a median of $239,900 and have been on the market for an average of 143 days so far.
This year from 1/1/2009-10/2/2009, 186 homes sold on the Fluvanna County real estate makret. This is a -26.2% drop in sales for the year to date over last year.
As you can see there is a lot of inventory on the market in Fluvanna County. Many of these homes are in the perfect price range for first time home buyers. However, if you are a first time homebuyer and plan on taking advantage of the $8,000 tax credit, you had better hurry because the time is running out to be able to get a home under contract and closed by November 30.
The above figures are from the mls and while they are assumed correct, they are not guaranteed.
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville. Email Pam Dent.
View all of the Charlottesville Virginia homes for sale.
View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate.
Copyright © 2009 by Pam Dent, all rights reserved, "Fluvanna County VA Real Estate Market Report - September 2009".
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