Charlottesville VA Real Estate Market Report | May 2011

Charlottesville VA Real Estate
Home Sales Market Report May 2011

35 Charlottesville Homes Sold for $9,658,250 in May 2011
25 Single Family Homes | 3 Townhomes | 7 Condos
Lowest Sale: $85,000 | Highest Sale: $1,250,000

  • Total Home Units Sold: 35
  • Average Sales Price: $275,950
  • Median Sales Price: $219,000
  • Average List to Sales Price: 95.46%
  • Average Days on Market: 89

The Charlottesville real estate market experienced a increase in home sales in May 2011.
A total of 35 homes sold in May compared to 30 homes in April.

Charlottesville Home Sales by Price Range May 2011

68.6% of Charlottesville home sales in May occurred in the below $300,000 price range. 3 Charlottesville foreclosures sold. Distressed property sales made up 8.6% of the Charlottesville real estate market in May.

Charlottesville Real Estate Absorption Trend May 2011

Based on the market absorption trend the Charlottesville real estate market is in a balanced market.

View Recent Charlottesville Real Estate Market Reports Here:
Charlottesville Real Estate Market Report – April 2011
Charlottesville Real Estate Market Report – March 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 © 2011 by Allegra Williams
Charlottesville VA Real Estate Market Report | May 2011

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