Archive for the 'Monthly Statistics' Category
Lake Monticello Sales Stats for May 2010
June 1st, 2010 categories: Communities, For Buyers, For Sellers, Lake Monticello, Market Statistics and Information, Monthly Statistics, Neighborhood Statistics
With the Memorial Day Weekend now behind us, and summer unofficially here, it is time to take a look at how the Lake Monticello real estate market fared in May of 2010.
We’ll share the Lake Monticello sales stats for May of 2010, and compare them to May of 2009. Let’s take a look. . .
Lake Monticello Real Estate Sales– May 2010
- There were 14 homes sold in Lake Monticello
The average sales price was $235,357
The median sales price was $184,500
Lake Monticello Real Estate Sales– May 2009
- There were 10 homes sold in Lake Monticello
The average sales price was $245,750
The median sales price was $216,000
Lake Monticello Real Estate Sales– May analysis
The good news is that there were 4 more sales in May 2010 than in May 2009. It is possible that some of this increase is due to the federal homebuyer tax credits that were extended through April of 2010. The 4 homes represent a 40% increase in year-over-year sales for May.
As expected, the median and average price were both down compared to last year. The falling of the median home price is something we have been experiencing for quite a while now, and it appears that the trend is continuing in 2010. The lower average price was due to the fact that more than half of the homes sold in May were under $200,000. This could be evidence that May sales were spurred by the expiring tax credits, but there is no way to know for sure. Certainly, the majority of sales in Lake Monticello have been in the lower price ranges, and there is no reason to expect that to change this year.
If you have any questions about any of our Lake Monticello real estate stats, or any questions about the community, just let us know. We’re happy to help however we can!
*All of the statistics shared come directly from the Charlottesville Area Association of REALTORS MLS. The stats are believed to be accurate, but cannot be guaranteed.*
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Lake Monticello Real Estate Market Stats for April 2010
May 3rd, 2010 categories: Communities, Lake Monticello, Market Statistics and Information, Monthly Statistics, Neighborhood Statistics
It is time for another monthly market update for Lake Monticello. We’ve already looked at the entire 1st Quarter of 2010. Now it’s time to take a look at April, which is typically the first month in the real estate selling season.*
- There were 13 homes sold in Lake Monticello in April, 2010. Lake Monticello had 18 sales in April 2009.
- The average sales price in April 2010 was $248,600. The average sales price in April 2009 was $208,336.
- The median sales price in April 2010 was $185,000. The median sales price in April 2009 was $190,500.
What does this mean?
The stats for April are a bit mixed. There were less sales, but the average price was higher, while the median remained almost unchanged. The fact that sales were a bit behind 2009 isn’t terribly surprising, considering that the market was still feeling the lingering effects of the harsh winter.
It will be interesting to see what happens with May sales stats in Lake Monticello. In 2009, May was an unusually bad month, with only 10 sales. As of right now, there are currently 39 homes under contract in Lake Monticello. Obviously, all of those homes won’t be closing in May, but Lake Monticello can equal last year’s may stats if only 25% of those homes under contract close in May. Unfortunately, we don’t have any way to see how many homes were under ntract in the beginning of May 2009 to compare with.
So, while April stats were a bit behind 2009, things are looking up for May.
As always, we’ll be keeping a close eye on the market, and you can always check back here to get updates.
We also encourage you to sign up for our Strong Team Newsletter, if you would like more information about the real estate market here.
*These stats come directly from the Charlottesville Association Area of REALTORS MLS, and are believed to be accurate, but are not guaranteed.
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Strong Team Realtors Newest Weekly Newsletter 4/30/2010
April 30th, 2010 categories: Communities, Fluvanna County, Info, Lake Monticello, Market Statistics and Information, Monthly Statistics, News, Weekly Newsletter
Strong Team Realtors Weekly Newsletter 4/30/2010
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February Sales of Lake Monticello Real Estate
March 9th, 2010 categories: First Time Buyers, For Buyers, For Sellers, Lake Monticello, Market Statistics and Information, Monthly Statistics, News
It’s time to take a look at the February sale stats for Lake Monticello Real Estate. . .
Luckily, things are warming up and Spring is just around the corner. In looking at the February stats for Lake Monticello, it looks as if the snow and the tough winter put quite a freeze on the market.
Lake Monticello sees only 3 sales in February
- February was a tough month for Lake Monticello real estate sales. A total of only 3 homes sold in the month of February, 2010. This is half as many as the number of homes sold (6) in February of 2009.
- The highest price of the February sales was $199,500. The lowest was $153,000. The average of the 3 homes was $174,833.
Lake Monticello ahead of 2009 pace
Through February, there have been 13 sales in Lake Monticello in 2010. This number is much better than the 9 sales that Lake Monticello saw during the first two months of 2009. Despite the low number of February sales, the 2010 Lake Monticello real estate market is ahead of last year’s pace, so far.
February sales market analysis
Below is an analysis of the February 2010 sales in Lake Monticello. The analysis gives you information on each of the homes sold, and cumulative data for all of them. As always, if you have any questions at all, please don’t hesitate to contact us. We’re happy to help however we can!
February 2010 Lake Monticello Real Estate Sales Analysis
All of the statistics and data provided come from the Charlottesville Area Association of REALTORS MLS. The information provided is believed to be accurate, but is not guaranteed.
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Lake Monticello Sales Triple in January 2010
February 10th, 2010 categories: Communities, Lake Monticello, Market Statistics and Information, Monthly Statistics, News
With all this snow and the challenges that come with it, you might be looking for some positive news. We’ve just run the January sales statistics for Lake Monticello, and the news is very positive, indeed. . .
9 homes sold in Lake Monticello in January 2010. This is triple the number of homes sold (3 homes) in January of 2009.
A closer look at the Lake Monticello January Stats
- Of the 9 homes that sold in January 2010, only one of them was a waterfront home. That waterfront home sold for $507,000.
- The other 8 homes all sold for between $235,000 and $132,000.
- The average sold price of the non-waterfront homes was $193,500
- The median sold price of the non-waterfront homes was $209,500
For a bit of a historical perspective, these numbers are much closer to the January sales numbers during 2008 at Lake Monticello. In January 2008, 10 homes sold in the month of January. As you might imagine, the median and average prices were both higher in January of 2008.
Given how poor the numbers were in January of 2009, this is certainly a much better foot on which to begin 2010. You can be that we’ll be closely monitoring the sales numbers each month through the year as part of our comprehensive market statistics.
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