Charlottesville VA Real Estate Market Report | October 2011

Charlottesville Real Estate
Home Sales Market Report October 2011

17 Charlottesville Homes Sold for $5,780,700 in October 2011
14 Single Family Homes | 0 Townhomes | 3 Condos
Lowest Sale: $118,500 | Highest Sale: $1,050,000

  • Total Home Units Sold: 17
  • Average Sales Price: $340,041
  • Median Sales Price: $280,000
  • Average List to Sales Price: 94.81%
  • Average Days on Market: 78

The Charlottesville real estate market experienced a decrease in home sales in October 2011.
A total of 17 homes sold in October compared to 31 homes in September.

Charlottesville Home Sales by Price Range - October 2011

58.8% of Charlottesville home sales in October occurred in the below $300,000 price range.
1 Charlottesville foreclosure and 1 Charlottesville short sale sold this month. Distressed property sales made up 11.8% of the Charlottesville real estate market in October.

Charlottesville Real Estate Absorption Trend - October 2011

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 – September 2011
Charlottesville Real Estate Market Report – August 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.

[formidable id=6]

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 | October 2011

Leave a Comment

Your email address will not be published.