Charlottesville Virginia Real Estate Market Report - March 2009

By
Real Estate Agent with Gayle Harvey Real Estate, Inc.

This Charlottesville Real Estate Market Report will examine Charlottesville Virginia home sales of detached single family homes during March 2009.  In this post we are only looking at home sales within the city of Charlottesville; a separate post will focus on Albemarle County home sales.

13 Charlottesville homes sold during March of 2009.  The homes sold for an average price of $233,338 and had been listed for an average of $263,277.  The homes were on the market for an average of 177 days and sold for an average of 88.63% of the list price.

To compare lets look at the Charlottesville real estate market home sale data from February 2009.  During February, 17 Charlottesville homes sold for an average sale price of $340,640.  The homes were listed for an average price of $361,916 and had an average DOM of 119.  These homes sold for an average of 94.12% of the list price.

graph of Charlottesville Virginia home sales

 

 

 

 

 

 

 

 

 

 

 

graph of Charlottesville median home pricesTo further understand the current Charlottesville real estate market lets compare the Charlottesville Virginia home sales for the year to date with the sales from the same period last year.  70 Charlottesville Virginia homes sold during the period from 1/1/2008 to 4/1/2008, whereas only 37 homes sold in Charlottesville during the same time frame in 2009.  This represents a decilne of -47.1%.

Graph of Charlottesville Virginia ytd home sales

 

There were 198 Charlottesville Virginia homes for sale on April 1, 2009.  These homes have a median price of $319,500 and have been on the market for an average of 143 days so far.

The above figures are from the CAAR mls and while they are deemed correct, are not guaranteed.

 

Albemarle County Real Estate Market Report - March 2009

Charlottesville Virginia Real Estate Market Report Condominiums - March 2009

Fluvanna county Real Estate Market Report - March 2009

Louisa County Real Estate Market Report - March 2009

Central Virginia Real Estate Market Reports - February 2009

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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, Troy, 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 Real Estate Market Report - March 2009".

 

First published in Charlottesville Real Estate Talk.

 

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Topic:
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Virginia Albemarle County Charlottesville
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Rainmaker
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Bill Gassett
Metrowest Massachusetts Real Estate
RE/MAX Executive Realty

Great job with your Charlottesville market report Pam. The graphs look excellent!

April 02, 2009 08:55 PM
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Karen Kruschka
- "My Experience Isn't Expensive - It's PRICELESS"
RE/MAX Real Estate Connections

Pam,  You do a fantastic job with the market reports and your graphs are an important addition,  Karen

April 05, 2009 04:17 PM
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Pam Dent
Realtor - Charlottesville Virginia Homes and Horse Farms
Gayle Harvey Real Estate, Inc.

Thanks Bill.  I had fun doing them too.

 

Karen - I have wanted to add graphs for a while.  I was glad to finally find a user friendly graph program.

April 13, 2009 09:46 PM
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Pam Dent

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