Albemarle County VA Real Estate Market Report | October 2011

Albemarle County Real Estate
Home Sales Market Report October 2011

88 Albemarle County Homes Sold for $30,825,221 in October 2011
61 Single Family Homes | 22 Townhomes | 5 Condos
Lowest Sale: $70,000 | Highest Sale: $1,850,000

  • Total Home Units Sold: 88
  • Average Sales Price: $350,286
  • Median Sales Price: $302,424
  • Average List to Sales Price: 96.74%
  • Average Days on Market: 97

The Albemarle County real estate market experienced an increase in home sales in October 2011.
A total of 88 homes sold in October compared to 78 homes in September.

Albemarle County Home Sales by Price Range - October 2011

50% of Albemarle County home sales in October occurred in the below $300,000 price range. 9 Albemarle County foreclosures and 9 Albemarle County short sales sold this month. Distressed property sales made up 20.5% of the Albemarle County real estate market in October.

Albemarle County Real Estate Absorption Trend - October 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 – September 2011
Albemarle County Real Estate Market Report – August 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 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 © 2012 by Allegra Williams
Albemarle County VA Real Estate Market Report | October 2011

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