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
TheÂ Albemarle CountyÂ real estateÂ market experienced an increase in home sales in May 2011.
A total of 128 homes sold in May compared to 108 homes in April.
57.8% of Albemarle County home sales in May occurred in the below $300,000 range. The $300,000 â€“ $999,999 price rangeÂ was the second most active price range with 39.8% of Albemarle County home sales.Â 10Â Albemarle County foreclosuresÂ and 6Â Albemarle County short salesÂ sold.Â Distressed property sales made up 12.5% of theÂ Albemarle CountyÂ real estateÂ market in May.
Based on the market absorption trend theÂ Albemarle CountyÂ real estateÂ market is in a buyerâ€™s market.
View Recent Albemarle County Real Estate Market Reports Here:
Albemarle County Real Estate Market Report â€“ April 2011
Albemarle County Real Estate Market Report â€“ March 2011
If you are looking toÂ buy or sell aÂ Albemarle County home,Â itâ€™s imperative that you hire a REALTORÂ® who knows the market. As an experienced REALTORÂ® selling homes throughout Albemarle County and the entire Greater Charlottesville area, I am available to help. If youâ€™re ready to make a move, simply complete the form below and Iâ€™ll contact you 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 Â© 2011 by Allegra Williams
Albemarle County VA Real Estate Market Report | May 2011