Albemarle County Real Estate Market Report | July 2011

Albemarle County Real Estate
Home Sales Market Report July 2011

97 Albemarle County Homes Sold for $30,894,000 in July 2011
59 Single Family Homes | 22 Townhomes | 16 Condos
Lowest Sale: $69,000 | Highest Sale: $954,500

  • Total Home Units Sold: 97
  • Average Sales Price: $318,494
  • Median Sales Price: $280,000
  • Average List to Sales Price: 96.5%
  • Average Days on Market: 85

The Albemarle County real estate market experienced a decrease in home sales in July 2011.
A total of 97 homes sold in July compared to 148 homes in June.

Albemarle County Home Sales by Price Range - July 2011

54.6% of Albemarle County home sales in July occurred in the below $300,000 price range. 7 Albemarle County foreclosures and 3 Albemarle County short sales sold. Distressed property sales made up 10.3% of the Albemarle County real estate market in July.

Albemarle County Real Estate Absorption Trend - July 2011

Based on the market absorption trend the Albemarle County real estate market is in a buyer’s market.

View Recent Albemarle County Real Estate Market Reports Here:
Albemarle County Real Estate Market Report – June 2011
Albemarle County Real Estate Market Report – May 2011

If you are looking to buy or sell a Albemarle County home, it’s imperative that you hire a REALTOR® who knows the market. As an experienced REALTOR® selling homes throughout Albemarle County and the entire Greater Charlottesville area, I am available to help. If you’re ready to make a move, simply complete the form below and I’ll contact you to discuss how I can best assist you with your real estate needs.

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Sales information is courtesy of the Charlottesville Area Association of Realtors MLS.
Information is deemed reliable but not guaranteed.

Copyright © 2012 by Allegra Williams
Albemarle County Real Estate Market Report | July 2011

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