Localism: Charlottesville, VA

Charlottesville Virginia Market Report - November 2008

Tue, 02 Dec 2008 14:30:52 -0600

This is the second in our series of local market reports. This report will focus on the sales of single family detached homes in Charlottesville, Virginia during November 2008.

9 Charlottesville homes were under contingent contracts in November 2008. The average list price was $330,250 and the median was $346,000 with an average days on market of 239.

One Charlottesville home had a contract pending. The list price was $214,900 and the home had been on the market for 143 days.

In November 2008, 10 Charlottesville homes had contracts that closed. The average sales price was $331,191 with an average list price of $339,637 and a median of $329,500. The homes had an average time on market of 43 days and sold for 97.51% of the list price.

As of December 1, 2008 there are 185 Charlottesville homes actively listed. The average list price is $376,549 with a median of $315,000 and an average days on market of 163.

To compare lets look at the figures for October of 2008.
In October 2008, 13 Charlottesville homes were under contingent contracts. Their average list price was $267,093 and the median was $265,000, with an average DOM of 83.

2 Charlottesville homes had contracts pending in October. Their average list price was $304,945 and they were on the market for an average of 13 days.

15 homes sold in Charlottesville, Virginia during October 2008. The average sales price was $290,599, with an average list price of $306,401 and a median price of $249,900. They had been on the market for an average of 68 days and sold for an average of 94.84% of the list price.

To compare further we should examine the home sales in November of 2007.
23 Charlottesville homes sold in November of 2007. The average sales price was $347,506, with an average list price of $347,060 and a median of $277,000. The homes were on the market for an average of 105 days and sold for an average of 100.13% of the list price.

To put the real estate market in further perspective lets compare sales of the year to date with last year.
In 2007 from January 1 - December 1, 355 homes sold; in the same period in 2008, 320 Charlottesville homes sold. This represents a decline of -9.9%.

What can we tell from these numbers? For the year over all, Charlottesville home sales have held their own compared to the surrounding Albemarle County. Homes are staying on the market longer. Sellers need to price their homes agressively and make sure that the property is in the best condition possible. With the large amount of inventory on the maket it is important to do everything possible to ensure that your home is the one that will sell. It is also important to hire a REALTOR with a significant internet prescence, since over 85% of buyers begin their home search on line.

For buyers the current market offers a wonderful opportunity. Home prices are the lowest that they have been in 4 years, there is a wide selection to choose from, interest rates at this time are low, and many sellers are ready to negotiate. This is the time to find your dream home at a great price!

Figures are from the local mls and while deemed correct are not guaranteed.

Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 , pam@JumpintoGreenerPastures.com, to list your property for sale or 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, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.

For more information on Central Virginia homes, farms, events and real estate visit my website Jump into Greener Pastures or read my other blog Charlottesville Horse Farms and Country Homes.

Charlottesville Real Estate update (YTD - Dec 2,2008)

Tue, 02 Dec 2008 07:47:08 -0600

Charlottesville Real Estate update (YTD - Dec 2,2008)

(Photo - Charlottesville Bus taken by Charles McDonald, Charlottesville Virginia)

Let's Talk Charlottesville Real Estate!

We are very fortunate to live in such a wonderful area. We have four season, Blue Ridge Views and the University of Virginia! Sales are starting to pick up in Charlottesville and our year is moving along nicely!

In Charlottesville City we have SOLD 541 HOMES.
There are currently 301 HOMES on the market.
Our average DOM (Days on the Market) is at 110 Days .
Our Average selling price is $300,047.

NOTE: These are just homes in the city of Charlottesville

Click Here for a link to see Great Neighborhoods in our area!

Some of our Spotlight Neighborhoods are: Glenmore Foxchase Old Trail Forest Lakes Dunlora

When you are looking for the right home, visit Charlottesville Real Estate for details about our area and other homes on the market. This includes Charlottesville, Albemarle County and the surrounding counties like Nelson, Greene, Madison, Fluvanna, Orange and Louisa.

Come visit Charlottesville Real Estate and tour our area anytime!

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 team of experts in the Charlottesville area are always available to help you with your Real Estate needs. Call our team anytime at 434-981-1585 or to search for homes visit: Charlottesville Real Estate

UVA - The University of Virginia

Sun, 30 Nov 2008 11:08:01 -0600

So what is the history of UVA? The land was first owned by James Monroe...Read this marker:

So Monroe purchased this farm later Jefferson, Monroe and Madison laid the cornerstone of the University.

There is so much history around Charlottesville that many of our residents do not even realize it.

When I am showing Charlottesville Real Estate I will often stop by the University and do a "quick" tour. It is great to see our local history.

BTW, a walk around the campus can be both beneficial to your mind and body!

All the best, Charles

A classic Christmas Story with the kids

Fri, 28 Nov 2008 20:18:45 -0600

Tonight was Movie Night at our house and we all watched a Classic Christmas Story by Charles Shultz.... As a child I can remember every year watching this classic. We would look forward to it (there were no VCR's or DVD's) so we had to look at a TV guide...

Fast forward 40 years and I am watching the same show with my kids!

Charlie and Linus have the same trouble (but I have to watch it)...

They go out to find a perfect Christmas Tree for the play they are putting on and everyone wants one made of fake shiny tree.

Well, in his wisdom, Charlie Brown finds a little tree that "needs a home"

Linus goes along with it every year... lol

In the end the whole gang gets together and decorates the tree and everything turns out just fine.

They have a wonderful Christmas and I hope that you do too!!!

It is a simple story but I find that (with most classic's) I want to watch it over and over every year!

Merry Christmas to all and to all a good night!

Have A Local Holiday!

Fri, 28 Nov 2008 06:48:47 -0600

Just as real estate is local, economies are local and it is important to support our local economy. One important way to support the local economy and be part of the "green" solution at the same time is to Buy Fresh Buy Local. This doesn't just include buying fresh summer veggies at your local farmer's market. Buying locally is the perfect first stop for your holiday shopping as well. Local vendors offer great choices for Christmas trees, holiday decorations, gifts, and food for all of your holiday feasts. Don't forget to plan your menues around local beef, turkeys, eggs, jams, honey, wines and cheeses. Many fine restaurants plan their menus around fresh, local food; this is something that your family and guests will appreciate at home as well. In addition, start a family tradition of an outing to an area Christmas tree farm to cut your own tree.

Go to the Buy Fresh Buy Local website for a downloadable Charlottesville Area Holiday Guide.

Come to Virginia and experience a Charlottesville Christmas!

To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.

Visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia homes, farms, events and real estate.