The Charlottesville Area Association of REALTORs has released their Market Report for the 1st Quarter of 2015 and the numbers are as expected.The median sales price for the region has increased from $244,250 in 2014 to $256,750 for this quarter. I hope you will read the entire report but here is a quick summary. Condo sales increased by 40%-a number which surprised me. Pending sales have increased 18% over the same time frame last year. The number of sales closed remained almost identical but there are many more properties set to close this year.
The year end report for the Charlottesville Area Association of REALTORs has been published and we find a continued, slow improvement in the number of sales and the median prices for those homes sold. The sales in our area increased by 2% with a new median sales price of $270,000. It was also noted that the prices have returned to their highest level since 2007.
Our area seems to be similar to others around the nation-the number of houses available to buy has declined. With the spring market beginning it looks like a really good time to...
Looking to move to the Charlottesville or Central Virginia area? Thinking of selling or buying a new home in Albemarle, Amherst, Greene, Louisa, Culpeper, Orange, or Madison County?
Check out CAAR's Second Quarter 2014 Market Report. This is a great resource to get a snapshot of the area's current market with data from the CAAR MLS system.