Charlottesville Real Estate Market - View Charlottesville Real Estate Market Trends in Virginia

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Charlottesville. Low rates with low home prices makes a home purchase a sensible move and a great value! Call now for more information at 434-535-2BUY or Maureen: 434-409-9468 or Rob: 434-825-2468
Average Home Price	$225,000 - View Graph Trend

Average Price Compared to Last Year	Up 5-10%

Average Time on Market	90-120 days

Best Selling Price Range	$200,000 - $249,000

Worst Selling Price Range	$550,000 - $599,000

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	Decreasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Charlottesville is	Increasing

Seller Activity for the past 90 days in Charlottesville is?	No Change

Multiple Offers?	No

Multiple Offers Commentary	Homes that are priced well are some times receiving multiple offers.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	30-35%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Interest rates are historically low and inventory is high. A perfect time to buy.

Housing Inventory	Good supply - Some Prices

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Lower prices in combination with good selection and competitive interest rates make for a perfect time to buy in Charlottesville and Albemarle County! With many new opportunities for employment and with it being a University town there are many incentives for traditional buyers and investors.

Nearest Metro Area	Charlottesville

Housing Hot Spots	Most towns and communities within Albemarle County and Charlottesville are considered ’Housing Hotspots’. Belmont in the heart of Charlottesville is an eclectic and highly sought after destination. Within walking distance to the historic area of Charlottesville and the Downtown, pedestrian mall this area has seen an upward trend in market value. Homes within walking distance to the University of Virginia are always a sound investment.

Average Sold Price	$225,000 - View Graph Trend

Charlottesville Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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