Albemarle County VA Real Estate Market Report | May 2011

Albemarle County Real Estate
Home Sales Market Report May 2011

128 Albemarle County Homes Sold for $42,092,505 in May 2011
85 Single Family Homes | 38 Townhomes | 5 Condos
Lowest Sale: $44,999 | Highest Sale: $1,600,000

  • Total Home Units Sold: 128
  • Average Sales Price: $328,847
  • Median Sales Price: $279,262
  • Average List to Sales Price: 94.77%
  • Average Days on Market: 90

The Albemarle County real estate market experienced an increase in home sales in May 2011.
A total of 128 homes sold in May compared to 108 homes in April.

Albemarle County Home Sales by Price Range May 2011

57.8% of Albemarle County home sales in May occurred in the below $300,000 range. The $300,000 – $999,999 price range was the second most active price range with 39.8% of Albemarle County home sales. 10 Albemarle County foreclosures and 6 Albemarle County short sales sold. Distressed property sales made up 12.5% of the Albemarle County real estate market in May.

Albemarle County Real Estate Absorption Trend May 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 – April 2011
Albemarle County Real Estate Market Report – March 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.

[formidable id=6]

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 | May 2011

Leave a Comment

Your email address will not be published. Required fields are marked *