Archive for the 'Market Statistics and Information' Category
Strong Team Realtors’ Weekly Newsletter 9/3/2010
September 3rd, 2010 categories: Communities, Fluvanna County, Info, Lake Monticello, Market Statistics and Information, News, Recent Statistics, Weekly Newsletter
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Strong Team Realtors’ Weekly Newsletter For 8/27/2010
August 27th, 2010 categories: Communities, Fluvanna County, Info, Lake Monticello, Market Statistics and Information, News, Recent Statistics, Weekly Newsletter
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Strong Team Realtors’ Weekly Newsletter for August 20, 2010
August 20th, 2010 categories: Communities, Fluvanna County, Lake Monticello, Market Statistics and Information, News, Recent Statistics, Weekly Newsletter
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A quick look at the market for condos and town homes in Charlottesville
August 18th, 2010 categories: Albemarle County, Charlottesville, Communities, Condo & Town home statistics, For Buyers, For Sellers, Market Statistics and Information
One segment of the Charlottesville area real estate market that has grown over time been the market for condos and town homes. 10 years ago, there were relatively few condos and town homes in the Charlottesville area. As the market grew overall, and demand increased, the inventory of condos and town homes grew with it. This is fueled by various apartment/condo conversion projects around the city and in Albemarle.
Now, the market for condos and town homes makes up a fairly large chunk of overall sales in the Charlottesville area. We thought it might be a good idea to take a closer look at this segment of the market, and see how things are going with condo and town home sales this year.
Charlottesville and Albemarle condo and town home sales stats
(All of these stats are through July and data comes from the Charlottesville Area Association of REALTORS MLS)
- There have been 319 condo/town home sales in 2010 compared to 332 in 2009 (-4%)
- Median price of sales in 2010 is $215,000 compared to $222,250 in 2009 (-3%)
- Condo/town homes sales are 34% of sales in 2010 compared to 37% in 2009
- As of August 18th, there are 338 condos/town homes listed in Charlottesville/Albemarle
- The average price of currently listed condos/town homes is $242,352 and the median price is $189,900
The condo and town home market in the Charlottesville area is clearly a large portion of the overall real estate market, and deserves to be watched. That means you can expect that we will be providing regular updates on the condo and town home market in the future.
If you have any questions about these statistics, or about buying or selling a condo or town home in the Charlottesville area, just let us know. We’re always happy to help!
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Strong Team Realtors’ Weekly Newsletter for August 13, 2010
August 13th, 2010 categories: Communities, Fluvanna County, Info, Lake Monticello, Market Statistics and Information, News, Recent Statistics, Weekly Newsletter
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