Archive for the 'Neighborhood 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’ Weekly Newsletter — March 5, 2010
March 5th, 2010 categories: Communities, Fluvanna County, Lake Monticello, Listings, Market Statistics and Information, Neighborhood Statistics, News, Weekly Newsletter
Below is the latest edition of the Strong Team Realtors’ Weakly Newsletter. Every Friday an updated newsletter is available for pickup outside of our office or online.
This issue talks about the Jefferson Drive closing and Fluvanna homes that have recently closed.
Strong Team Realtors’ Weekly Newsletter March 5, 2010
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Strong Team Realtors’ Weekly Newsletter 2/26/2010
March 1st, 2010 categories: Communities, Fluvanna County, Lake Monticello, Listings, Neighborhood Statistics, News
The latest edition of the Strong Team Realtors’ Weekly Newsletter:
Strong Team Realtors Weekly Newsletter 2/26/2010
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