Charlottesville Farms Real Estate Market Report – 2011

This post will examine the sales of Charlottesville farms over the past year. For the purpose of this report we will consider properties over 15 acres.

2010 average list price $1,887,107.
2011 average list price $1,439,348.

2010 average sale price $1,663,847.
2011 average sale price $1,286,576.

2010 median sold price $1,112,500.
2011 median sold price $750,000.

2010 average continuous days on market 361.
2011 average continuous days on market 243.

2010 %sold/list 88.16%.
2011 %sold/list 89.38%.

2010 months inventory 47.07.
2011 months inventory 32.52.

In 2010, 26 Charlottesville farms sold.
In 2011, 38 Charlottesville farms sold.

2011 Year End Sales and Inventory Charlottesville Farms

There is a lot to like in these numbers.  Obviously we still have way too many months inventory, but we are trending in the right direction.  One of the other figures to compare is the difference in the median sold price between the two days.  This could tell us that prices are down which we know is the case across the board in real estate, but it may be more of an indicator of the price range that is selling.  Purchasers are looking for value right now and buyers of Charlottesville farms are no exception.

Copyright 2011 by Pam Dent all rights reserved “Charlottesville Farms Real Estate Market Report – 2011“.

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Albemarle County VA Real Estate Market Report – November 2011

This Albemarle County real estate market report will focus on the sale of single family detached homes.  We will look at the November real estate activity and see how it compares with the activity over the past two years.

As we look at the total sales figures from this year so far compared with 2010 we will see that there is little difference. This years sales total is up very sllightly and prices are generally down. Month to month we have seen a volatile market that has gone up and down following the economic and political news. We still need to see a significant reduction in inventory so that we can reach a balanced market.

Copyright 2011 all rights reserved by Pam Dent “Albemarle County VA Real Estate Market Report – November 2011“.

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Greene County VA Real Estate Market Report – November 2011

This Greene County real estate market report will examine the sales of  single family detached homes during November 2011.  We will also look at data on how the Greene County real estate market has performed over the past two years.

When you compare this year so far to the previous year we can see that the Greene County real estate market has remained fairly stable; however month to month it has been a bit of a roller coaster as buying activity has reacted to the volatile ecconomic climate. Prices are down for the year as a whole as are sales totals, but not dramatically. Unfortunately inventory amounts also remain fairly stable, which means that we remain firmly in a sellers market. We will need to see a pickup in sales to buy down inventory to a 6 month inventory level before Greene County real estate will enter a balanced market. This is pretty much what we are seeing throughout Central Virginia.

Copyright 2011 all rights reserved by Pam Dent “Greene County VA REal Estate Market Report – November 2011“.

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Albemarle County VA Farms Real Estate Market Report – July 2011

Albemarle County farms and equestrian properties come in a variety of sizes.  For the purpose of this report we will consider a property a farm if it contains at least 10 acres.  This post will examine the sales of Albemarle farms during the month of July.

July 2010 average list price $1,184,975.
July 2011 average list price $460,000.

July 2010 average sale price $1,057,750.
July 2011 average sale price $422,500.

July 2010 median sold price $1,237,500.
July 2011 median sold price $422,500.

Albemarle County Farms For Sale

July 2010 %sold/list 89.26%.
July 2011 %sold/list 91.84%.

July 2010 average continuous days on market 291.
July 2011 average continuous days on market 209.

1/1/2010 – 7/31/2010, 26 Albemarle County farms sold.
1/1/2011 – 7/31/2011, 25 farms sold on the Albemarle County Real Estate Market.

Albemarle County VA Farms For Sale

As of today 8/5/2011 there are 147 Albemarle County farms for sale.  The farms range in price from $189,900 to $16,000,000.  At the current rate of sales it will be several years before the inventory is sold down.  With this number of farms for sale, you can see how crucial it is to price your farm correctly and make sure that it is in the best possible condition to ensure that it is the one that sells.

The above figures are from the mls and while they are deemed correct, they are not guaranteed.

Copyright 2011 by Pam Dent, all rights reserved “Albemarle County VA Farms Real Estate Market Report – July 2011“.

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Central Virginia Farms Real Estate Market Report – May 2011

This Central Virginia Farms real estate market report will examine the sales of properties containing ten or more acres in the Central Virginia counties of Albemarle, Fluvanna, Greene, Louisa and Nelson,during May 2011.

May 2010 average list price $743,800.
May 2011 average list price $651,950.

May 2010 average sale price $680,000.
May 2011 average sale price $528,475.

May 2010 median sale price $635,000.
May 2011 median sale price $390,950.

May 2010 %sold/list 91.42%.
May 2011 %sold/list 81.06%.

Central Virginia May farm sales

1/1/2010 – 5/31/2010, 42 Central Virginia farms sold.
1/1/2011 – 5/31/2011, 38 farms sold on the Central Virginia real estate market.

The above figures are from the mls and while they are presumed to be correct they are not guaranteed.

Copyright 2011 by Pam Dent, all rights reserved “Central Virginia Real Estate Market Report – May 2011“.

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