Albemarle County VA Real Estate Market Report | February 2012

Albemarle County Real Estate
Home Sales Market Report February 2012

58 Albemarle County Homes Sold for $19,486,845 in February 2012
33 Single Family Homes | 15 Townhouses | 10 Condos
Lowest Sale: $49,000 | Highest Sale: $2,100,000

  • Total Home Units Sold: 58
  • Average Sales Price: $335,980
  • Median Sales Price: $245,679
  • Average List to Sales Price: 95.02%
  • Average Days on Market: 119

The Albemarle County real estate market experienced an increase in home sales in Feruary 2012.
A total of 58 homes sold in February compared to 57 homes in January.

Albemarle County Home Sales by Price Range - February 2012

53.4% of Albemarle County home sales in February occurred in the below $300,000 price range. 12 Albemarle County foreclosures and 3 Albemarle County short sales sold this month. Distressed property sales made up 25.9% of the Albemarle County real estate market in February.

Albemarle County Real Estate Absorption Trend - February 2012

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 – January 2012
Albemarle County Real Estate Market Report – December 2011

If you are looking to buy or sell an 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 give me a call at 434.882.1055 to discuss how I can best assist you with your real estate needs.

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 | February 2012

1 thought on “Albemarle County VA Real Estate Market Report | February 2012”

  1. Allegra – The statistics for February are really good. 58 units sold in the Albemarle County real estate market. I noticed that’s higher than other areas in the Charlottesville real estate market. Best wishes for a great spring market as Charlottesville Real Estate Specialists!

    Christine Pappas
    RE/MAX Results
    Willoughby Oh Short Sale Agents

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