Louisa County VA Real Estate Market Report - January 2011

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

This Louisa County VA Real Estate Market Report focuses on the sale of single family detached homes during January 2011.

January 2010 average list price $257,220.
January 2011 average list price $136,088.

January 2010 average sale price $282,105.
January 2011 average sale price $131,811.

January 2010 median sold price $285,554.
January 2011 median sold price $94,000.

January 2010 %sold/list 109.67%.
January 2011 %sold/list 96.85%.

graph of Louisa County home sales January

January 2010 homes sold - 4.
January 2011 homes sold - 9.

Louisa sale and inventory graphs

As you can see from the above graph Louisa County sales have stayed stable throughout the fall and into January.  Unfortunately they have been lower than during the fall of 2010.  It is also apparent that the prices of the homes that are selling is down considerably from a year ago.  It is not fair to assume from those figures that home values have fallen that much.  Rather the majority of the homes that sold in Louisa County in January were foreclosures which sold at a discounted price.

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

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Emily Medvec
Keller Williams Santa Fe - Santa Fe, NM
Realtor, Santa Fe NM |CNE CRS RSPS | 505-660-4541

This is an excellent report on the numbers and the real story behind them in your series on each county. Real estate is all about what is happening in our local markets not the media stories online! 

Feb 05, 2011 11:33 PM #1
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Pam Dent

Realtor - Charlottesville Virginia Homes and Horse Farms
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