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We see a lot of statistics and there is one set that I found interesting regarding our local agents at
CAAR - Charlottesville Area Association of REALTORS.
Specifically what are Agents doing since Jan 1, 2009?
We currently have 1318 active agents in our Associaton of Realtors
1. New Agents = 28
2. Agents who have transfers from one Broker to another = 104
3. Agents who have become inactive = 105
So about 8% of our members have left the business and about 8% have decided to switch Brokers. Now there are a lot of reasons why an agent might switch to a different office but I think most are thinking it will help their personal business....
I am a little surprised that we still have over 1300 agents who are active so I thought I would dig a little deeper...
What does ACTIVE really mean?
609 Agents have 1 or more transactions this year
122 Agents have 6 or more transactions (1 per month) this year
49 Agents have 10 or more transactions this year
So these numbers are telling a story. Less than half our member have 1 transaction and less than 10% are selling at least 1 property per month.
Is your agent a top agent? Are they part of the 49 out of 1318 agents? Ask them the tough questions... How many transactions have you done this year?
You may be shocked at the answer...
NOTE: I just checked and 25% of the agents in our RE/MAX office are included in the 49 agent.
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For most of us the 4th of July is a holiday spent with family and friends. Parades, cookouts, fireworks are the usual activities. When my children were growing up July 4th was a full day. It started out with a drive to nearby Scottsville for their traditional parade. We are talking about a real old fashioned parade with fire trucks, cars of local beauty queens, homemade floats, baton twirlers and a few horses. The best part for the children was that most of the participants threw candy and bubblegum. Then it was beck to Free Union for the local parade which everyone took place in. The children were regulars in the kazoo band and one of my daughters even rode her pony one year. Another summer they pulled their dog in a decorated wagon. Of course more bubble gum and candy was involved. The day usually ended on a blanket at the end of the Farmington Country Club golf course with family, friends and a picnic watching the fireworks overhead.
For those of you who are looking for an activity to start your own July 4 traditions here is a link to a list of Charlottesville and Central VA July 4 events.

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.
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 Virginia Celebrates July 4th".
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Before I start my usual market reports this month, I thought I would share some sales and inventory statistics with you so that we can look at the overall trends in the Charlottesville VA and Albemarle County real estate market.
Friday, July 03, 2009
Category - Residential / PropType: Detached / Area: 01, 05
Month
Year
Monthly Sales
Avg ListPrice
Avg Sale Price
% Diff Sell/list
Avg DOM
Curr Inventory
Months Inventory
January
2006
86
$470,044
$457,490
97.33%
82.0
546
6.35
February
2006
93
$483,421
$474,033
98.06%
76.0
641
6.89
March
2006
113
$424,964
$423,674
99.70%
81.0
747
6.61
April
2006
114
$439,065
$431,954
98.38%
78.0
855
7.50
May
2006
155
$431,015
$426,985
99.06%
59.0
955
6.16
June
2006
205
$463,570
$454,685
98.08%
55.0
978
4.77
July
2006
155
$438,783
$431,068
98.24%
67.0
954
6.15
August
2006
144
$515,571
$496,912
96.38%
77.0
935
6.49
September
2006
78
$527,744
$513,346
97.27%
78.0
980
12.56
October
2006
83
$484,038
$463,625
95.78%
88.0
930
11.20
November
2006
103
$631,620
$598,559
94.77%
104.0
861
8.36
December
2006
72
$553,946
$529,611
95.61%
100.0
796
11.06
Total
1401
$488,648
$475,162
97.24%
78.8
848
7.83
January
2007
57
$468,250
$448,318
95.74%
102.0
760
13.33
February
2007
59
$403,778
$395,346
97.91%
110.0
783
13.27
March
2007
95
$431,987
$416,971
96.52%
103.0
878
9.24
April
2007
112
$463,986
$449,955
96.98%
101.0
980
8.75
May
2007
159
$464,782
$451,769
97.20%
80.0
1027
6.46
June
2007
196
$464,162
$451,827
97.34%
68.0
1022
5.21
July
2007
144
$455,017
$439,179
96.52%
72.0
998
6.93
August
2007
133
$550,351
$531,777
96.63%
97.0
975
7.33
September
2007
71
$452,118
$435,097
96.24%
105.0
991
13.96
October
2007
78
$540,264
$512,898
94.93%
100.0
974
12.49
November
2007
71
$413,044
$395,137
95.66%
95.0
940
13.24
December
2007
77
$493,501
$472,664
95.78%
123.0
876
11.38
Total
1252
$466,770
$450,078
96.42%
96.3
934
9.92
January
2008
60
$487,611
$464,255
95.21%
118.0
840
14.00
February
2008
60
$530,688
$501,568
94.51%
132.0
881
14.68
March
2008
73
$389,507
$371,417
95.36%
129.0
951
13.03
April
2008
88
$440,946
$417,420
94.66%
123.0
1028
11.68
May
2008
120
$441,232
$417,155
94.54%
110.0
1024
8.53
June
2008
140
$424,786
$405,606
95.48%
95.0
1011
7.22
July
2008
139
$496,461
$469,054
94.48%
113.0
982
7.06
August
2008
101
$428,019
$412,333
96.34%
104.0
966
9.56
September
2008
74
$448,799
$429,235
95.64%
116.0
962
13.00
October
2008
59
$583,915
$532,563
91.21%
109.0
968
16.41
November
2008
43
$620,926
$572,598
92.22%
107.0
929
21.60
December
2008
57
$572,835
$537,012
93.75%
130.0
860
15.09
Total
1014
$488,810
$460,851
94.28%
115.5
950
12.75
January
2009
29
$418,159
$399,138
95.45%
122.0
801
27.62
February
2009
47
$471,386
$437,171
92.74%
135.0
806
17.15
March
2009
54
$496,089
$474,906
95.73%
150.0
882
16.33
April
2009
58
$528,756
$477,917
90.39%
129.0
973
16.78
May
2009
93
$441,291
$414,423
93.91%
127.0
1031
11.09
June
2009
95
$405,237
$383,979
94.75%
87.0
1035
10.89
Total
376
$460,153
$431,256
93.72%
125.0
921
16.67
Total
2006-2009
4043
$476,095
$454,337
95.43%
104.0
913
12.00
Note: The "Current Inventory" column(s) reflect the number of active and contingent (on market) listings on the 16th day of each month.The "Months Inventory" column(s) value(s) equal "Current Inventory" divided by "Monthly Sales".This reflects how many months it would take to sell out of inventory at the current months rate of sale.
There is a lot of information in this report. We can see that the average list and average sale prices are down from last year. In addition the homes are selling for a lower percentage of the list price. Not surprisingly days on market has gone up. For this year so far overall the graph tells us that there is 16.67 months of inventory on the market. However if you look at the figures for May and June even though there are more homes on the market the number of sales is way up. We haven't seen that many sales since August of 2008. In addition even though there are more homes on the market there is only 10.8 months of inventory on the market in the Month of June. Hopefully this is the start of a trend and we will see a steady rise over the rest of the year, although as you can see the peak selling months in the Charlottesville real estate market are April - August.
Figures are from the mls and while they are presumed 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.
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 Sales And Inventory History".
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I hope you have a wonderful 4th of July!
Note: Charlottesville Fireworks are not allowed in the city. Crozet has canceled the firework show, but McIntire Park is on as well as places like Keswick Estate and Farmington
About The Author
Charles McDonald, Associate Broker at RE/MAX Assured Properties and dedicated Buyers Agent is the author of this blog, and several other sites on the Internet. Charles and his group of experts in the Charlottesville area are always available to help you with your Real Estate needs. Call our group anytime at 434-981-1585 or to search for homes visit: Charlottesville Real Estate
Copyright © 2009 Charles McDonald, All Rights Reserved.
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Today I received a nice email from a client whom I showed real estate in Charlottesville to this past weekend:

We wanted to thank you for your time, insight and support during our visit. It’s understandable how people spend some time in C-Ville and end up not leaving. It’s combines a scenic, bucolic lifestyle with nearby areas of activity through the schools and downtown providing an attractive combination. This along with the school system, recreational programs and general cost of housing provide an overall great quality of life for families.
Chuck and Nancy
I spend a lot of time on my blog talking about our area, but I could not have said it better than my clients
come visit anytime
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