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The Nest Report

Our Nest Report Blog is a platform to educate the public about the changing real estate markets in Charlottesville, New River Valley, and Hampton Roads. Our team of agents contributes timely market updates and statistics, as well as hyper-local news and information for each community.

Charlottesville and Albemarle Real Estate Statistics 6/21/09 – 6/27/09

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Withdrawn/Expired: 24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Withdrawn/Expired: 10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Withdrawn/Expired: 58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.

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