This Central Virginia Real Estate Market Report focuses on the sale of farms during March 2011.

March 2010 average list price $625,118.
March 2011 average list price $707,433.

March 2010 average sale price $571,909.
March 2011 average sale price $684,637.

March 2010 median sold price $425,000.
March 2011 median sold price $485,000.

March 2010 %sold/list 91.48%.
March 2011 %sold/list 96.77%.

Central Virginia farm sales

1/1/2010 – 3/31/2010 Central Virginia farms sold – 26.
1/1/2011 – 3/31/2011 Central Virginia farms sold – 20.

Central Virginia farm sales and inventory

The above figures are from the mls and while they are presumed correct they are not guaranteed.

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This Albemarle County VA real estate market report will focus on the sales of farms during March 2011.

Since Albemarle farms can run the gamut from a minifarm to a working Charlottesville farm, for the purpose of this report we will consider all property sales in Albemarle County of at least 10 acres.

March 2010 average list price $810,950.
March 2011 average list price $1,090,000.

March 2010 average sale price $687,500.
March 2011 average sale price $1,075,000.

March 2010 median sold price $662,500.
March 2011 median sold price $1,110,000.

March 2010 %sold/list 84.77%.
March 2011 %sold/list 98.62%.

Albemarle County VA Farms Sold March 2011

1/1/2010 – 3/31/2010 farm sales – 10.
1/1/2011 – 3/31/2011 farm sales – 8.

Albemarle County VA Farm sales & inventory March 2011

As you can see the sales of Albemarle farms continue to be very slow.  Today April 8, 2011 there are 135 Albemarle farms listed in the Albemarle County real estate market.  At the rate of only 8 farms sold in the first quarter of 2011, it is obvious that activity will need to pick up considerably to sell down the inventory and get us back to a balanced market.  However opportunities abound in the current market for buyers.

The above figures are from the mls and while they are presumed to be correct, they are not guaranteed.

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The March edition of my newletter Charlottesville Virginia Real Estate News is hot off the presses.

You may be interested in reading this issue which deals with the following topics:

• Buying a distressed property, foreclosure or short sale, takes patience.
• Why it is important to verify the information in the public records before putting your home on the market.
• Selling your home – Find out what improvements are cost effective.
• More information for sellers – Spring cleaning for the exterior of your home.
• Make sure you understand disclosure requirements when you are selling your home and avoid a lawsuit later.

Read Charlottesville Virginia Real Estate News.

If you would like to subscribe to the newsletter, email me at pam@pamdent.com and I will put you on the mailing list.

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