Charlottesville VA Real Estate Market Report | March 2011

Charlottesville VA Real Estate
Home Sales Market Report March 2011

32 Charlottesville Homes Sold for $8,457,651 in March 2011
17 Single Family Homes | 4 Townhomes | 11 Condos
Lowest Sale: $62,000 | Highest Sale: $665,000

  • Total Home Units Sold: 32
  • Average Sales Price: $264,301
  • Median Sales Price: $230,750
  • Average List to Sales Price: 96.66%
  • Average Days on Market: 119

The Charlottesville real estate market experienced an increase in home sales in March 2011. A total of 32 homes were sold in March compared to 15 homes in February.

Charlottesville Home Sales by Price Range March 2011

Charlottesville Real Estate Absorption Trend March 2011

72% of Charlottesville home sales in March occurred in the below $300,000 price range. 3 Charlottesville foreclosures sold. Distressed property sales made up 9.4% of the Charlottesville real estate market in March. Based on the market absorption trend the Charlottesville real estate market is in a buyer’s market.

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 © 2011 by Allegra Williams
Charlottesville VA Real Estate Market Report | March 2011

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