Tuesday, June 1, 2010

Asking Price v. Selling Price for Charlottesville Single Family Homes

A comment after this post about single family home sales in the City of Charlottesville stated the asking prices is the accepted price until its changed by the sellerRealtor/Blogger Jim Duncan offered the following document of asking v. selling prices refuting this statement.

In the original location of this post, he mentions that the document doesn't cover all price changes or asking prices or relistings.  So people who watch the City market closely will recognize some properties that spent a long time on the market and had significant price reductions that aren't included in the document: 

1627 Greenleaf Drive - Greenleaf
Most Recent Asking $219k - Sold $180k - gut job, Original Asking $250k 

701 West Street - 10th and Page 
Most Recent Asking $299k - Sold $289k, Original Asking $375k Jan 09 and earlier 

756 Lexington Ave - North Downtown
Most Recent Asking $379,500k -  Sold $370k  Original Asking:  $415k June '09 

1008 Calhoun - North Downtown
Most Recent Asking $375k - Sold $360k, Original Asking $525k

211 Alderman Road - UVA/Observatory area
Most RecentAsking $699k - Sold $667.5k  Original Asking $850k May '09

106 Minor Road - UVA/Observatory area
Listed on document as Asking $699k - Sold $660k.  Did contract fall through?  Now listed For sale $525k

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