Albemarle County VA Real Estate Market Report for Single Family Homes | March 2011

Albemarle County VA Real Estate
Single Family Home Sales Market Report March 2011

48 Albemarle County Single Family Homes Sold for $20,599,723 in March 2011
Lowest Sale: $59,000 | Highest Sale: $1,875,750

Single Family Home Units Sold: 48
Single Family Home Average Sales Price: $429,160
Single Family Home Median Sales Price: $345,387
Single Family Home Average List to Sales Price: 96.12%
Single Family Home Average Days on Market: 177

39.6% of Albemarle County single family home sales in March occurred in the below $300,000 price range. The second most active price range was $300,000 – $500,000 with 37.5% of Albemarle County single family home sales. 11 Albemarle County foreclosures and 3 Albemarle County short sales sold. Distressed property sales made up 29.2% of the Albemarle County real estate market in March. Based on the market absorption trend the Albemarle County single family home real estate market is in a buyer’s market.

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 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 © 2011 by Allegra Williams
Albemarle County VA Real Estate Market Report for Single Family Homes | March 2011