3rd Quarter Market Report, Fluvanna and Louisa

Charlottesville Association of Realtors (CAAR) released the 3rd quarter market report for the entire area, but I wanted to concentrate on Fluvanna and Louisa Counties.

Home sales were up for the first nine months,  Fluvanna (+18.8%) and Louisa (+14.3%), that equaled 227 sales for Fluvanna and 136 for Louisa.  The median prices have remained relatively unchanged, Fluvanna (+1.8%) and Louisa (+5.9%), median prices year to date are in Fluvanna $205,000 and in Louisa $221,818.  The price per square foot went down in Fluvanna from $121 in 2009 to $117 in 2010, but stay at $113 for both years in Louisa.

The average days on market have dropped in both counties, Fluvanna from 122 to 87 and Louisa from 134 to 112, which is good. As we continue in this up and down market it is very important to rely on the expertise of a REALTOR in buying or selling residential or land.

It is difficult to draw a conclusion as to how the year will end up compared to last year, the last quarter will tell that. Just remember that rates are still historically low and prices are very good.

To read the entire CAAR report, click on this link http://goo.gl/x8Gd.

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