Real Estate Market

The AlbeVille Monthly

APRIL REPORT FOR DETACHED HOME SALES

The AlbeVille Monthly

Real Estate In

Albemarle, Charlottesville & Surrounding Counties

Figure 1:  Overall March 2012 data summary for all types of properties in the greater Charlottesville market including the areas of Charlottesville, Albemarle, Fluvanna, Greene, Louisa and Nelson.  

Figure 2:  Total Sales = The total number of single family detached homes sold

 

Figure 3:  Median Sold Price = "The Middle" where half of the prices are higher and half are lower

Figure 4:  Average % of Sale to Original List Price; Comparing final sales prices to the original list prices to see the difference (%)

Figure 5:  Average Days on Market

*Data Source - RealEstate Business Intelligence, LLC ("RBI") as provided on CAAR MLS (4/13/2012)

Last Month's "BIG ONE"

Address:  1304 Viewmont Farm, Albemarle

List Price:  $6,875,000 Close Date:  4/10/2012
Sales Price:  $5,200,000 Days on Market:  16
Bedrooms:  4 Baths:  3 Full & 1 Half
Year Built:  1941 Total Finished Sq.Ft.:  2,798
Acres:  875  

 

Listing Agent:  Loring Woodriff with Loring Woodriff Real Estate Associates


MLS Link & Pictures of Home

 

 

AlbeVille's Monthly Quick Tip
 
Subject:  Pricing
 
Have you ever body surfed in the ocean?  I've always loved that!  It's easy to make analogies with things you know and enjoy.  Once such analogy I use when talking with people looking to sell their property is comparing "realistic" pricing to body surfing.  You see, to body surf a wave you must start swimming ahead of the wave in order to catch it.  It's the same with pricing in real estate.  If you price "in the market" with the rest of your competition you could be a sitting duck.  Your competition at the time could lower their asking price, a nearby property goes into foreclosure....and just like a wave the market passes you by.  You then end up following the market.  Instead, price your property realistically and get ahead of your competition from the start!  Yes, I recognize this can be a very hard pill to swallow.  However, in the end I confidently feel those Sellers that follow this advice stand to net a greater amount of money than those that end up following the market.     
 
Thinking of selling or know someone who is?  Contact me and let's discuss our market conditions, realistic pricing and the exposure strategies needed to help you accomplish your real estate goals.  

 

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