Charlottesville Real Estate Market Report | August 2011

Charlottesville Real Estate
Home Sales Market Report August 2011

49 Charlottesville Homes Sold for $14,511,121 in August 2011
35 Single Family Homes | 6 Townhomes | 8 Condos
Lowest Sale: $32,700 | Highest Sale: $1,350,000

  • Total Home Units Sold: 49
  • Average Sales Price: $296,145
  • Median Sales Price: $250,880
  • Average List to Sales Price: 91.95%
  • Average Days on Market: 93

The Charlottesville real estate market experienced an increase in home sales in August 2011.
A total of 49 homes sold in August compared to 41 homes in July.

Charlottesville Home Sales by Price Range - August 2011

65.3% of Charlottesville home sales in August occurred in the below $300,000 price range.
4 Charlottesville foreclosures and 1 Charlottesville short sale sold this month. Distressed property sales made up 10.2% of the Charlottesville real estate market in August.

Charlottesville Real Estate Absorption Trend - August 2011

Based on the market absorption trend the Charlottesville real estate market is in a seller’s market.

View Recent Charlottesville Real Estate Market Reports Here:
Charlottesville Real Estate Market Report – July 2011
Charlottesville Real Estate Market Report – June 2011

If you are looking to buy or sell a Charlottesville home, it’s imperative that you hire a REALTOR® who knows the market. As an experienced REALTOR® selling homes throughout Charlottesville and surrounding counties, 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
Charlottesville Real Estate Market Report | August 2011

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