Albemarle County VA Real Estate Market Report | August 2011

Albemarle County Real Estate
Home Sales Market Report August 2011

110 Albemarle County Homes Sold for $39,522,449 in August 2011
71 Single Family Homes | 29 Townhomes | 10 Condos
Lowest Sale: $53,199 | Highest Sale: $1,689,500

  • Total Home Units Sold: 110
  • Average Sales Price: $359,294
  • Median Sales Price: $291,425
  • Average List to Sales Price: 96.63%
  • Average Days on Market: 96

The Albemarle County real estate market experienced an increase in home sales in August 2011.
A total of 110 homes sold in August compared to 97 homes in July.

Albemarle County Home Sales by Price Range - August 2011

53.6% of Albemarle County home sales in August occurred in the below $300,000 price range. 9 Albemarle County foreclosures and 4 Albemarle County short sales sold. Distressed property sales made up 11.8% of the Albemarle County real estate market in August.

Albemarle County Real Estate Absorption Trend - August 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 – July 2011
Albemarle County Real Estate Market Report – June 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 VA Real Estate Market Report | August 2011

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