Wednesday, January 5, 2011

Albemarle County Real Estate Update: December 2010 Single Family Home Sales

The December 2010 Median Sold Price of $321,066 is -$64,534 less than December 2009's $385,600 or -16% lower 

The December 2010 Median Sold Price of $321,066 is -$103,934 less than December 2008's $425,000 or  -25% lower 

The December 2010 Average Sale was $381,718

The December 2009 Average Sale: $688,098: 2010 was -$306,380 or -45% less than 2010 

The December 2008 Average Sale  2008: $614,410: 2010 was -$232,692 or -37% less than 2010

From 2008-2010 December's closed sales have hovered around +/-50.  The median price has dropped precipitously, as have the average and listing prices.  Higher priced properties struggle to change owners in this economy--especially if those properties were purchased 2002 - 2010.



The "%Sold to List Price" is not meaningful.

These numbers are via Realtor Pam Dent here.

Related:  Price Declines

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