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I like to wait a few days after the end of the month to look at market data. Seems we have some agents that are a little slow at adding closing to our MLS.
When you are looking for Charlottesville Real Estate remember that Charlottesville is in Albemarle County. We have grand estates and horse farms in Albemarle. The back roads will give you a feeling of peace and harmony as you drive by these beautiful properties. When you are ready to tour, just give me a call, it is my favorite thing to do in our area.
(photo taken by Charles McDonald of the driveway of a past listing of mine in Albemarle Virginia…)
Albemarle County Virginia Home Information
The Real Estate market everywhere is constantly changing and Charlottesville and Albemarle are no exception. It takes a drive around Albemarle to understand and enjoy the beauty of this area.
We have some excellent neighborhoods to see like:
Glenmore Foxchase Old Trail Forest Lakes Dunlora
Click Here for a link to other Great Neighborhoods in our area!
Please visit my website at Charlottesville Real Estate for details about our area and other homes on the market in Charlottesville, Albemarle County and the surrounding counties!
Nelson Greene Madison Fluvanna Orange Louisa
Come visit 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 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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Have you heard about Charlottesville Virginia? You deserve to have the quality of life that Charlottesville has to offer. We are a small town that has everything you want to enjoy life. Think about visiting soon…

(Photo – taken in downtown Charlottesville Virginia at Court Square by Charles McDonald)
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!
We have some excellent neighborhoods to see like:
Glenmore Foxchase Old Trail Forest Lakes Dunlora
Click Here for a link to other Great Neighborhoods in our area!
Please visit my website at Charlottesville Virginia Real Estate for details about our area and other homes on the market in Charlottesville, Albemarle County and the surrounding counties!
Nelson Greene Madison Fluvanna Orange Louisa
Come visit 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 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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21 Charlottesville homes had contracts that closed during October 2009. The homes sold for an average price of $382,526, had been on the market for an average of 111 days and sold for an average of 95.19% of the list price.
September sales were very close to the October totals with 22 homes sold in Charlottesville. The average slae price was $303,418. They had an average DOM of 77 days and they sold for an average of 97.20% of the list price.
August saw the most sales of the 3 month period with 25 Charlottesville homes selling for an average price of $340,642 after spending an average of 101 days on the market. The homes sold for an average of 97.61% of the list price.


Today 11/4/2009 there are 191 Charlottesville VA homes for sale. They are listed for an average price of $345,560 and a median of $279,500. The homes have been on the market for an average of 174 days so far.
If we compare this years home sales from 1/1/2009-11/1/2009 with the same period in 2008, we find that 250 homes have sold so far this year in the Charlottesville VA real estate market. This represents a decline in sales of -21.1%.
As you can see from the sale prices the first time homebuyers are driving the Charlottesville real estate market. However I would have expected to see a rise in sales from those buyers during September and early October as the time to take advantage of the $8,000 Tax Credit wound down. Most lenders are advising 45-60 days from loan application to closing; however I did receive an email today from one lender who can still get clients to closing by November 30 even with an FHA loan, so it may not be to late.
The above figures are from the mls and while they are assumed to be 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, "Charlottesville VA Real Estate Market Report - October 2009".
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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".
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