Sept. Newsletter For Charlottesville Real Estate

SEPTEMBER REPORT FOR DETACHED HOME SALES

September and August Data For Detached Home Sales (Data Collected 9/1/10):

  September: September: August: August: August: August:
Area Current Active Listings Current Absorption Rate Closed Sales Median Sale Price Average Days on Market % of Sales Price to List Price
Albemarle 848 12 47 $335,000 98 98%
Charlottesville 259 10 20 $303,450 94 96%
Fluvanna 363 13 20 $182,250 121 96%
Greene 242 11 15 $247,000 72 97%
Louisa 204 12 16 $251,250

74

97%

August & July Data For Detached Home Sales (Data Collected 8/3/10):

  August: August: July: July: July: July:
Area Current Active Listings Current Absorption Rate Closed Sales Median Sale Price Average Days on Market % of Sales Price to List Price
Albemarle 877 11 58 $359,500 105 96%
Charlottesville 286 10 14 $331,600 205 96%
Fluvanna 380 12 20 $254,362 92 101%
Greene 234 11 8 $275,770 39 102%
Louisa 201 12 17 $146,600

123

95%

  • Active Listings include Contingent and Pending sales.
  • Absorption Rate is an estimate of the number of months it will take to sell the current inventory of homes at the present rate of sales.
  • The Median Sale Price is the middle value in the list of prices.  If sale prices were $150,000, $200,000 and $300,000 the median sales price would be $200,000. 

LAST MONTH'S "BIG ONE"
3105 Ragged Ridge Lane, Albemarle
Sold August 16, 2010
Listing Agent: Jane Porter and Claiborne Fogleman with Roy Wheeler Realty Co.

List Price:  $1,650,000 Sold Price:  $1,400,000
Square Footage: 6,090 Bedrooms:  4
Year Built: 1999  Bathrooms:  3/2
Acres:  21 Days on Market: 200

.
Link to Full MLS Report 

MORTGAGE UPDATE AS REPORTED FROM SUNTRUST.COM

  Interest Rate Discount Points Origination Fee Annual Percentage Rate
30 Yr Fixed Conventional 4.375% 0.125 1.000% 4.501%
15 Yr Fixed Conventional 3.750% 0.375 1.000% 4.002%
30 Yr Jumbo Fixed 5.125% 0.250 1.000% 5.262%
Agency 5/1 ARM 30 Yr 3.250% 0.250 1.000% 3.289%
Agency 7/1 ARM 30 Yr 3.500% 0.250 1.000% 3.422%
30 Yr FHA - Fixed 4.250% 0.375 1.000% 4.805%

.
SOURCE:  From www.SunTrustMortgage.com posted on 9/1/2010

Kevin's Monthly Coupon: A Spotlight On A Local Business

 


This month we have Keswick Vineyards!
   
Check out the coupon in the link below for your free offer and be sure to visit their website 
to learn about their Wine Club and its awesome benefits! 

Click Here to Get Your Free Coupon!   

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