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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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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Some highlights from this issue:

• Storm cleanup continues and will close part of Jefferson Dr.
• Muskrat control
• Leaf disposal site closed temporarily

Lake Monticello Friday Flyer 3/5/2010

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That means that a lot of the communities around the Charlottesville area will be fixing roads and cleaning up fallen trees.

The Lake Monticello Owners’ Association wanted us to let you know that a section of Jefferson Drive will be closed on March 12, 2010 from 9am-2pm, so that cleanup can begin there. The section of road is between Vine Ridge Drive and Barrett St.

If you live at Lake Monticello, or will be visting on the March 12th, you’ll want to remember this so that you can change your travel route accordingly.

If you’re not exactly familiar with where that stretch of road is, it is just before (or past) the stop sign at Barrett. It goes over one of the feeding streams to Lake Monticello, and has one of Jefferson Drive’s more memorable hills.

You can also check out the map below to see the exact location of the road closure:

Site of Lake Monticello Road Closure

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Strong Team Realtors Weekly Newsletter 2/26/2010

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Some highlights from this issue:

• Eagles Nest opens under new management
• Deer advisory
• Fishing seminar rescheduled

Lake Monticello Friday Flyer 2.26.2010

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DISCLAIMER:  The following information is from the Charlottesville Area Association of Realtors MLS.  We believe it is accurate, but it can’t be guaranteed.

Waterfront listings currently on the market (main lake, as of 2/23/2010):

• 18 active listings
• Lowest price is $345,000, highest price is $945,000
• Average price is $474,933
• Median price is $464,900

Waterfront listings sold in 2010:

• One waterfront listing has sold so far in 2010.
• The home was a 4200 sq. ft., 6 bedroom, 3 bathroom home, built in 1984.
• It was listed for $525,000 and sold for $507,000 (96.5%).

Waterfront listings under contract in 2010:

• One waterfont home has gone under contract in 2010
• The home is a 3100 sq. ft., 4 bedroom, 3 bathroom home, built in 1995.
• When it went under contract, the home was listed at $515,000
• The home was on the market for 253 total days, and began at at list price of $549,000

This information gives you an up-to-date picture of what the waterfront market is like right now, as we head into the selling season.  There are sure to be more waterfront homes coming on the market at Lake Monticello, and activity should pick up over the next few months.

If you have any questions about this information, or would like to know more about waterfront homes at Lake Monticello, please feel free to contact us.  We are happy to help however we can.  If you want to see for yourself why people are attracted to the waterfront lifestyle that Lake Monticello offers, please take a look at our video tour of Lake Monticello.

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Some highlights from this issue:

• Downed tree cleanup by LMOA
• Eagles’ Nest Grand Reopening
• Boat owners need to check for damage

Lake Monticello Friday Flyer 2/19/2010

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Some highlights from this issue:

• Your community needs you for proposals and the Board of Directors
• H1N1 free vaccination
• Importance of shoveling E911 signs and fire hydrants

Lake Monticello Friday Flyer 2/12/2010

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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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