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Monday Market Update
Weekly Update, October 18th – 26th
Albemarle, Fluvanna and Lake Monticello
09
Information believed accurate but not guaranteed.
BETSY GUNNELS
YourLakeMonticelloHome.com — Website Cell — 434‐996‐9797
CvilleRealEstateNews.com — Blog Email—Betsy@GunnelsGroup.com
Here is your for Monday Market Update for Albemarle County, Fluvanna County and Lake Monticello.
This update represents the changes in the real estate market for active homes for sale, contingent
homes (homes that are under contract) and homes that have sold since October 18, 2009.
If you aren’t into reading tables, I have recapped the results for Albemarle, Fluvanna and Lake
Monticello separately below. If you’d like a report specifically for home, contact me anytime.
Things to keep in mind when reviewing this report
Although Lake Monticello is located within Fluvanna County, it is not represented in the
Fluvanna County category.
Not all of these homes went contingent during this past week
o These homes could have gone contingent months, weeks or days ago
Report only represents detached homes, i.e no condos or townhomes were used
Report does not include homes that are pending sale
Information believed accurate but not guaranteed.
BETSY GUNNELS
YourLakeMonticelloHome.com — Website Cell — 434‐996‐9797
CvilleRealEstateNews.com — Blog Email—Betsy@GunnelsGroup.com
Albemarle County Real Estate Market Update
Albemarle County has 638 detached homes for sale, this is down from last week. The lowest
price is $49,900, the highest price is $18,000,000 and the average price is $985,211. Active
homes have an average price per square foot of $253.78 and have been on the market for an
average of 185 days.
81 homes are contingent in Albemarle County. Since last week, this increased by 2 homes.
During the past week, 7 homes have sold in Albemarle County. The lowest priced home sold for
$200,000, highest priced home sold for $829,000 and the average price for sold homes was
$374,771. These homes stayed on the market for an average of 106 days, with an average price
per square foot of $148.46.
**Albemarle seller alert – It’s important to note the difference between the active and sold
homes’ price per square foot. Sold homes have a substantially lower price per square than
what is staying on the market. It is a whopping $105.32 difference!!
***Positive news!!!! 2 more homes went contingent AND 2 more homes sold this week!!!
Things are moving up in Albemarle!
Information believed accurate but not guaranteed.
BETSY GUNNELS
YourLakeMonticelloHome.com — Website Cell — 434‐996‐9797
CvilleRealEstateNews.com — Blog Email—Betsy@GunnelsGroup.com
Fluvanna County Real Estate Market Update (***excluding Lake Monticello)
Fluvanna County has 138 detached homes for sale. The lowest price is $50,000, the highest
price is $3,500,000 and the average list price is $369,685. These homes have been on the
market for an average of 185 days with an average price per square foot at $162.52.
11 homes are under contract with an average of 91 days on the market. The average price per
square foot for these homes is $119.27.
During the past week, no homes sold. This is the same since last week.
**Fluvanna seller alert – $43.25 is the average price per square foot difference, between
homes active on the market and homes that are under contract.
***Positive news!!!! When compared to Albemarle and Lake Monticello, homes in Fluvanna
County stayed on the market the least amount of time before they went under contract.
Information believed accurate but not guaranteed.
BETSY GUNNELS
YourLakeMonticelloHome.com — Website Cell — 434‐996‐9797
CvilleRealEstateNews.com — Blog Email—Betsy@GunnelsGroup.com
Lake Monticello Real Estate Market Update
Lake Monticello has 137 detached homes for sale. The lowest price is $119,900, the highest
price is $945,000 and the average price is $254,544. These homes have been on the market for
an average of 122 days, this is lower than Fluvanna County homes and Albemarle County
homes. The average price per square foot is $162.52.
Lake Monticello has 20 homes under contract. It took an average of 98 days for these homes to
go under contract. The average price per square when the home actually went under contract
was $119.27.
5 Lake Monticello homes sold during the past week. The lowest sold price was $150,000, the
highest sold price was $304,500 and the average sold price was $227,820. These homes were
on the market for an average of 160 days with an average price per square foot of $113.30.
**Lake Monticello seller alert – $113.30 is the average price per square foot for a sold home
during the past week. The average home on the market is listed at $162.52 per square foot.
***Positive news!!!! 5 homes sold this week, this is up by 3. The MOST out of all these areas!
Information believed accurate but not guaranteed.
BETSY GUNNELS
YourLakeMonticelloHome.com — Website Cell — 434‐996‐9797
CvilleRealEstateNews.com — Blog Email—Betsy@GunnelsGroup.com
Active Homes on the Market Since October 18, 2009
Albemarle County Fluvanna County Lake Monticello
Total # of Listings 638 138 137
Lowest Price Listing $49,900 $50,000 $119,900
Highest Price Listing $18,000,000 $3,500,000 $945,000
Average Price $989,521 $369,685 $254,544
Average Price/SqFt $255.41 $162.52 $131.79
Average Days on
Market 188 185 122
Contingent Homes Since October 18, 2009
Albemarle County Fluvanna County Lake Monticello
Total # of Listings 81 11 20
Lowest Price Listing $134,900 $139,900 $149,000
Highest Price Listing $3,950,000 $389,900 $249,000
Average Price $432,009 $247,097 $194,953
Average Price/SqFt $165.01 $119.27 $119.32
Average Days on
Market 121 91 98
Sold Homes Since October 18, 2009
Albemarle County Fluvanna County Lake Monticello
Total # of Listings 7 0 5
Lowest Price Listing $200,000 $150,000
Highest Price Listing $829,000 $304,500
Average Price $374,771 $227,820
Average Price/SqFt $148.46 $113.30
Average Days on
Market 106 160
Information believed accurate but not guaranteed.