 |
|
OUR OCTOBER NUMBERS FOR AREAS DETACHED HOME SALES
| Data Collected 11/6/2008 |
October Data
|
|
Area
|
Current Active Listings*
|
Current Absorption Rate**
|
Closed Sales
|
Median Sale Price
|
Avg. Days on Market
|
| Albemarle |
809
|
24
|
36
|
$435,768 |
131
|
| Charlottesville |
235
|
18
|
14
|
$251,200 |
70
|
| Fluvanna |
376
|
14
|
29
|
$234,900 |
98
|
| Greene |
232
|
21
|
12
|
$236,500 |
193
|
| Louisa |
301
|
23
|
14
|
$226,000 |
82
|
For comparison here is the previous month's chart:
| Data Collected 10/7/2008 |
September Data
|
|
Area
|
Current Active Listings*
|
Current Absorption Rate**
|
Closed Sales
|
Median Sale Price
|
Avg. Days on Market
|
| Albemarle |
725
|
19
|
42
|
$463,028 |
132
|
| Charlottesville |
194
|
9
|
24
|
$263,950 |
70
|
| Fluvanna |
345
|
20
|
19
|
$230,000 |
114
|
| Greene |
215
|
17
|
14
|
$265,250 |
94
|
| Louisa |
269
|
15
|
19
|
$205,990 |
128
|
*Active listings include Contingent & 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 price would be $200,000.
LAST MONTH'S "BIG ONE"
1533 Louisa Rd.-- Keswick, VA
SOLD--October 9, 2008
List Price: $2,750,000 Sold Price: $2,500,000
Square Footage: 7000 Bedrooms: 5
Year Built: 1982 Bathrooms: 4/2
Acres: 19.74 Days on Market: 504
MORTGAGE UPDATE
Information below was obtained 11/06/2008 from www.Bankrate.com
|
National Overnight Averages
|
Today
(11/06/08)
|
.+/-
|
Last Week
|
| 30 yr fixed mtg. |
6.03
|
-
|
6.35
|
| 15 yr fixed mtg. |
5.71
|
-
|
6.02
|
| 5/1 ARM |
5.96
|
-
|
6.10
|
| 30 yr fixed jumbo mtg. |
7.49
|
-
|
7.64
|
| 5/1 jumbo ARM |
6.20
|
-
|
6.29
|
Rates may include points
KEVIN SELLS TAYLORS RUN--
IN 75 DAYS!
This magnificant property located in Ivy, VA had been on the market for over 200 days prior to Kevin obtaining the listing. Kevin credits the homeowner for having an open ear and willingness to be counseled regarding the market conditions and ultimately pricing the property where it was competitive. Further, Kevin commends the Seller for following through with the staging report that he and his team put together which helped the property show beautifully. Kevin feels this sale illustrates the vital importance of properly pricing and staging homes in the market that we are currently in. Proper pricing and staging mixed with the powerful marketing tools and systems from Kevin and ERA make for a winning combination!
.
...
.
Did you know that ERA Bill May Realty Co. can relocate your friends and family anywhere in the USA, Canada & U.K.? We are members of the largest relocation network that has serviced more relocations than anyone!
...
Low Rates + Large Inventory of Homes for Sale +
A Stable Local Economy =
A GREAT TIME TO BUY IN CHARLOTTESVILE!
Ask Kevin about the ERA Sellers Security Plan. ERA is the only company that offers a Guaranteed Sale Program where ERA will sell your house or ERA will buy it!
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