April Home Sales surge in Charlottesville and Albemarle County
April Homes sales “surged” in April to a 33% gain over 2009 numbers in Charlottesville and Albemarle County (combined). The measurement was the number of pending home sales (homes where contracts have been
written, but not necessarily closed). READ MORE
Charlottesville/Albemarle Sales Keep ‘March’ing on!
Jeff Gaffney
Sales for Charlottesville/Albemarle in the first half of March are off to a torrid pace, with 63 sales month to date. READ MORE
Housing Inventory in Charlottesville / Albemarle
by Jeff Gaffney
Inventory of homes for sale in Charlottesville and Albemarle decreased slightly in February ’09 versus a year ago. READ MORE
Sales Surge in February!
by Jeff Gaffney
According to data from the Charlottesville Area Association of Realtors (CAAR), sales in Albemarle County and the city of Charlottesville increased by 50% in February ’09 compared to January ’09. This data includes contingent, pending and sold contracts. Buyers today seem to be lured into the market for three main reasons:
1) prices – prices today are at a very attractive level compared to the last 2 years;
2) interest rates – the 30 year fixed has been hovering around 5%, which is an historical low;
3) selection – there is an excellent selection of available inventory across all prices ranges.
This was the best sales month for real estate in Charlottesville / Albemarle County since July 2008 and may signify the turn in the market. See graph below.
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Posterous
Jeff Gaffney,
Chairman & CEO
Better Homes & Gardens Real Estate III
