Charlottesville Real Estate – CAAR 2015 First Quarter Market Report

Charlottesville Real Estate – CAAR 2015 First Quarter Market Report

Cville Market ReportOur Charlottesville Area Association of Realtors has just released the latest real estate market report showing stats for sales in our area, 2015 First Quarter.

This report comes out Quarterly and gives us a good idea of the current Real Estate Market in the greater Charlottesville Area.

The specifics are pulled from our local MLS and you have likely been advised by your agent of specific trends in your area.

Remember to discuss specific market conditions with your Realtor.

Charlottesville Area 2015 First Quarter Highlights:

  • Median sales price for the region was up 5.1% over Q1-2014, rising from $244,250 to $256,750.
  • Sellers received 94% of original list price at sale, 2.7 points higher than the five-year average for the quarter.
  • Closed sales remain consistent as new pending sales were up 18%, boding well for the spring market.
  • Homes in the $300-$400K price range sold fastest, with half of the 80 homes in this segment selling in 34 days or less.
  • Detached median sales price was up 8.2% year-over-year whereas the attached median sales price decreased by 6.5%.

Charlottesville 2015 1st Quarter Real Estate Market Report

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