Albemarle County VA Real Estate Market Report | March 2012

Albemarle County Real Estate
Home Sales Market Report For March 2012

115 Albemarle County Homes Sold for $40,258,389 in March 2012
78 Single Family Homes | 29 Townhouses | 8 Condos
Lowest Sale: $45,000 | Highest Sale: $1,037,500

  • Total Home Units Sold: 115
  • Average Sales Price: $350,072
  • Median Sales Price: $300,000
  • Average List to Sales Price: 96.13%
  • Average Days on Market: 102

The Albemarle County real estate market experienced a significant increase in home sales in March 2012.
A total of 115 homes sold in March compared to 58 homes in February.

Albemarle County Home Sales by Price Range - March 2012

49.6% of Albemarle County home sales in March occurred in the below $300,000 price range.
10 Albemarle County foreclosures and 1 Albemarle County short sale sold this month.
Distressed property sales made up 9.6% of the Albemarle County real estate market in March.

Albemarle County Real Estate Absorption Trend - March 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 – February 2012
Albemarle County Real Estate Market Report – January 2012

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.

Click Here to Start Your Albemarle County Home Search Now

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 | March 2012

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