Here’s another quick weekly snapshot of real estate activity in Charlottesville, Albemarle, and Charlottesville MSA. Overall, it was a pretty normal week: more listings came on than homes went under contract (+23 in Albemarle County, +18 in Charlottesville, +66 in the Charlottesville MSA.
However, you will notice that the Albemarle and MSA average price is a bit high – you can thank a $14,500,000 listing for that. That type of number tends to throw things off a bit…and it’s why you can’t just look at a weekly snapshot to determine average pricing.
Charlottesville and Albemarle Real Estate Report 6/21/09-6/27/09
Albemarle County Home Sales
New To Market: 52
Average Price: $1,014,447
Median Price: $329,000
Avg $/SF: $254.27
Under Contract: 29
Average Price: $418,518
Median Price: $279,000
Avg $/SF: $174.23
Avg. DOM: 113
Sold: 25
Average Price: $271,292
Median Price: $250,000
Avg $/SF: $149.72
Avg. DOM: 97
Withdrawn/Expired: 24
Price Reductions: 43
Charlottesville Home Sales
New To Market: 28
Average Price: $309,689
Median Price: $244,900
Avg $/SF: $178.39
Under Contract: 10
Average Price: $263,460
Median Price: $260,000
Avg $/SF: $171.74
Avg. DOM: 76
Sold: 17
Average Price: $298,238
Median Price: $239,425
Avg $/SF: $185.61
Avg. DOM: 91
Withdrawn/Expired: 10
Price Reductions: 12
Charlottesville MSA Home Sales
New To Market: 115
Average Price: $621,657
Median Price: $259,900
Avg $/SF: $205.59
Under Contract: 49
Average Price: $351,066
Median Price: $260,000
Avg $/SF: $165.05
Avg. DOM: 131
Sold: 54
Average Price: $269,607
Median Price: $243,250
Avg $/SF: $157.80
Avg. DOM: 111
Withdrawn/Expired: 58
Price Reductions: 127
*Charlottesville MSA includes Albemarle County, Charlottesville City, Fluvanna, Greene, Louisa, and Nelson
One final note: keep your eyes out for our Mid-Year Nest Report coming in a few weeks. We’ll focus specifically on residential home sales and real estate trends in Charlottesville and Albemarle, as well as the entire Charlottesville MSA.