Charlottesville VA Real Estate Market Report | May 2014

Charlottesville Real Estate
Home Sales Market Report for May 2014

55 Charlottesville Homes Sold for $17,853,600 in May 2014
38 Single Family Homes | 10 Townhouses | 7 Condos
Lowest Sale: $106,000 | Highest Sale: $1,125,000

  • Total Home Units Sold: 55
  • Average Sales Price: $324,610
  • Median Sales Price: $273,000
  • Average List to Sales Price: 96.34%
  • Average Days on Market: 42

The Charlottesville real estate market experienced an increase in home sales in May 2014.
A total of 55 homes sold in May compared to 45 homes in April.

Charlottesville Home Sales by Price Range - May 2014

54.5% of Charlottesville home sales in May occurred in the below $300,000 price range.
3 foreclosures sold this month.
Distressed property sales made up 5.5% of the Charlottesville real estate market in May.

Charlottesville Real Estate Absorption Trend - May 2014

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 2014
Charlottesville Real Estate Market Report – March 2014

Looking to buy or sell a Charlottesville home? We Can Help!

SELLING: It’s imperative that you hire a Charlottesville real estate agent who knows the market. If you are considering selling your home in Charlottesville and you would like to know the value in today’s market, you can find out at What’s My Charlottesville Home Worth or give us a call at 434.882.1055 to schedule a FREE comparative market analysis tailored to your specific home selling needs.

BUYING: If you are interested in buying a home in Charlottesville, let us guide you through the home buying process. Contact us at 434.882.1055 to discuss your home search criteria. We’ll set up a custom search based on your real estate needs and email you all Charlottesville MLS listings that meet your search criteria as they come on the market. Start your Charlottesville home search now by previewing properties for sale in Charlottesville below:

Just Listed Homes For Sale in Charlottesville

Click Here For a Complete List of Available Real Estate Listings in Charlottesville:
Charlottesville Homes For Sale

Sales information is courtesy of the Charlottesville Area Association of Realtors MLS.
Information is deemed reliable but not guaranteed.

Copyright © 2014 by Allegra Williams
Charlottesville VA Real Estate Market Report | May 2014

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