Fluvanna County Real Estate Market Report – January 2011

This Fluvanna County real estate market report will focus on the sale of single family detached homes.

January 2011 average list price $267,075.
January 2012 average list price $273,787.

January 2011 average sale price $261,191.
January 2012 average sale price $257,548.

January 2011 median sold price $210,000.
January 2012 median sold price $276,850.

January 2011 %sold/list 97.79%.
January 2012 %sold/list 94.06%.

January 2011, 12 Fluvanna County homes sold.
January 2012, 18 homes sold in Fluvanna County.

Over the past 12 months 262 homes sold on the Fluvanna County real estate market; however last year 276 Fluvanna homes sold, so sales have been down during the past year.  So far this year much of the greater Charlottesville market has seen an increase in activity, but I have not seen it to the same extent in the Fluvanna County market.  I am hopeful that future months will see an upward trend in Fluvanna County. 

Copyright 2012 by Pam Dent all rights reserved “Fluvanna County Real Estate Market Report – January 2012“.

No Comments

Albemarle County Real Estate Market Report – January 2012

This Albemarle County real estate market report examines the sales of single family detached homes.

January 2011 average list price $590,225.
January 2012 average list price $417,895. 

January 2011 average sale price $535,102.
January 2012 average sale price $398,103.

January 2011 median sold price $302,500.
January 2012 median sold price $319,900.

January 2011 %sold/list 90.66%.
January 2012 %sold/list 95.26%.

January 2011, 42 homes sold.
January 2012, 35 homes sold.

As we can see fewer homes had contracts that closed in January of 2011 than 2012. However going forward it is important to look at the big increase in the new pendings. This reflects the increased market activity that we have been experiencing in the Albemarle County real estate market.

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

Copyright 2012 by Pam Dent all rights reserved “Albemarle County Real Estate Market Report – January 2012“.

No Comments

Charlottesville Real Estate Update – Its Time To Change Our Perception

For the last few years we have had a lot of inventory and homes have been taking a long time to sell.  Buyers have had the mindset that homes stay on the market for a long time.  They are used to thinking that there is no need to make a decision, because that home is not going anywhere.  There has been the feeling that if they wait long enough the price will be reduced again or a better home at a better price may come on the market.  There has been no sense of urgency to buy.

Well, its time for a new way of thinking.  The “times they are a changing”.  Starting in January the Charlottesville real estate market has seen a major increase in activity.  We have seen a big increase both in people out looking at homes and in contracts being written.  The last five contracts that I have written have all either had multiple offers, or another offer that came in within hours of the first being accepted.  This is especially true for Albemarle County.  No longer can a purchaser drag their feet and expect that well priced home in good condition to stick around. 

Its a great time to look at Charlottesville homes for sale, there is still a lot of inventory to choose from, prices are down and interest rates are still low.  But more homes are selling and there is competition for the best ones.  When you find the one you like, it is important to move quickly or you may lose it.

Copyright 2011 by Pam Dent all rights reserved “Charlottesville Real Estate Update – Its Time To Change Our Perception“.

No Comments

1939 Browns Gap TPKE Charlottesville VA – Investor Opportunity

1939 Browns Gap Turnpike, Charlottesville VA home for sale.  $120,000.00

 1 bedroom, 1 bath, 1080 sq ft, living room, kitchen, greatroom, den, home office, screened porch.

This home on a landscaped lot is located in Albemarle County close to Crozet and Charlottesville.  At this affrodable price the darling bungalow is perfect for investors or first time homeowners.

Cpoyright all rights reserved by Pam Dent “1939 Browns Gap TPKE Charlottesville VA – Investor Opportunity“.

No Comments