After a brutal July, single family home sales in Crozet bounced back in August 2010 to levels on par with 2009.
July 2010 sales for single family homes dropped from 18 in 2009 to just 9 in 2010. This was a huge shock to the market – as sales in Western Albemarle typically thrive during the spring and summer months.
However, August showed a slight recovery. August 2010 sales in Crozet totaled 15…off just 1 from 2009. Part of the bounce back could be attributed to the increased sales activity in Old Trail…3 of the 15 total sales occurred in Old Trail.
Because of the tax credit, Crozet home sales (along with most of the Charlottesville real estate market) were very strong in May and June. May and June of 2010 sales (37 total) were up significantly over 2009 (16 total sales).
Inventory levels are not outrageous in Crozet…as compared to some other parts of Charlottesville and Albemarle County. Current inventory levels are around 9 months of inventory as of August.
