Charlottesville VA Real Estate Market Report | March 2012

Charlottesville Real Estate
Home Sales Market Report For March 2012

42 Charlottesville Homes Sold for $9,889,359 in March 2012
31 Single Family Homes | 3 Townhouses | 8 Condos
Lowest Sale: $41,500 | Highest Sale: $575,000

  • Total Home Units Sold: 42
  • Average Sales Price: $235,460
  • Median Sales Price: $202,500
  • Average List to Sales Price: 95.15%
  • Average Days on Market: 113

The Charlottesville real estate market experienced an increase in home sales in March 2012.
A total of 42 homes sold in March compared to 26 homes in February.

Charlottesville Home Sales by Price Range - March 2012

76.2% of Charlottesville home sales in March occurred in the below $300,000 price range.
4 Charlottesville foreclosures and 1 Charlottesville short sale sold this month.
Distressed property sales made up 11.9% of the Charlottesville real estate market in March.

Charlottesville Real Estate Absorption Trend - March 2012

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

View Recent Charlottesville Real Estate Market Reports Here:
Charlottesville Real Estate Market Report – February 2012
Charlottesville Real Estate Market Report – January 2012

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 give me a call at 434.882.1055 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 VA Real Estate Market Report | March 2012

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