Its the first of a new month and time to take stock of what is happening in our local real estate market. This report will feature sales of detached homes in Albemarle County Virginia in November 2008.
32 homes had contingent contracts in November of 2008. The average list price was $475,119 and the median was $419,700. The homes were on the market for an average of 151 days.
15 homes had contracts pending. The average list price was $500,070 and the median was $397,500. The homes had been on the market for an average of 169 days.
24 Albemarle County homes sold in November of 2008. They sold for an average price of $679,729. The average list price was $744,581 and the median was $357,000. The homes were on the market for an average of 118 days and sold for 91.29% of the list price.
As of November 1, 2008 there are 681 homes actively listed on the Albemarle County market. The average list price is $987,796 and the median is $519,000. The homes have been on the market for an average of 188 days.
Lets see how November of 2008 compared with October.
In October 2008 31 Albemarle County homes had contingent contracts. The average list price was $702,938 and the median was $349,248.They had been on the market for an average of 153 days.
18 homes had pending contracts in October with an average list price of $880,142 and a median of $399,450 and an average days on market of 115.
40 Albemarle County homes sold in October of 2008. The average sale price was $631,205, the average list price was $697,112 and the median was $435,679. The homes were on the market for an average of 133 days and sold for an average of 90.55% of the list price.
Lets see how this compared with November of last year.
In November 2007, 48 homes sold in Albemarle County for an average sale price of $417,960. The average list price was $444,662 and the median was $314,500. The homes were on the market for an average of 90 days and sold for an average of 93.99% of the list price.
Finally we will look at the year to date figures for 2008 and 2007. In 2007 from January 1 - November 1, 820 homes sold in Albemarle County. In the same time period in 2008, 609 Albemarle County homes were sold. This represents a decline of -25.7%.
As you can see, Albemarle County is still in a declining market. This translates to a lot of inventory on the market, lower sale prices, and longer days on the market. If you are selling a home, it needs to be in perfect condition and must be priced agressively. In addition since over 85% of home buyers begin their search on the web, it is important to hire a REALTOR who has a strong internet presence.
If you are buying a home, the current market presents a great opportunity. You have a large selection of homes to choose from, prices are down and many sellers are ready to negotiate. Also interest are remaining very low. This is the perfect time to buy your dream home at an exceptional price.
Figures are from the mls and while they are deemed correct they are not guaranteed.
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 , pam@JumpintoGreenerPastures.com, to list your property for sale or to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.
To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.
Visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville homes, farms, events and real estate.
Glenmore is offering something for everyone this Christmas season. 
The Glenmore Country Club has the following list of events for its members to get in the holiday spirit:
Trip to the Bizarre Bazaar in Richmond - Friday, December 5. reservations due by December 3
Santa Brunch and Photos - SUNDAY, December 7, 10:00am-2:00pm
Triad Home Security Seminar - Wednesday, December 10. starts at 11:00am
Holiday Open House - Thursday, December 11, 5:30-7:00 pm
Bus Trip to the Richmond Ballet's Nutcracker - Saturday, December 13
Christmas Eve By Candlelight - December 24 5:00-9:00pm
Pasta Night New Years Eve Style - December 31, 5:30 pm. celebrate with the family
New York, New York New Years Eve - December 31, 7:30pm. Cocktails, dinner and music
The Glenmore Country Club is located in the gated Glenmore Community just east of Charlottesville, Virginia in Keswick. This is a community of elegant homes in a varity of styles, sizes and prices. The neighborhood offers the amenities of a country club, golf, pool, tennis, fitness center, riding and hiking trails and an attached equestrian center.
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 , pam@JumpintoGreenerPastures.com, to list your property for sale or to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.
To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.
Visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville homes, farms, events and real estate..
Just as real estate is local, economies are local and it is important to support our local 
economy. One important way to support the local economy and be part of the "green" solution at the same time is to Buy Fresh Buy Local. This doesn't just include buying fresh summer veggies at your local farmer's market. Buying locally is the perfect first stop for your holiday shopping as well. Local vendors offer great choices for Christmas trees, holiday decorations, gifts, and food for all of your holiday feasts. Don't forget to plan your menues around local beef, turkeys, eggs, jams, honey, wines and cheeses. Many fine restaurants plan their menus around fresh, local food; this is something that your family and guests will appreciate at home as well. In addition, start a family tradition of an outing to an area Christmas tree farm to cut your own tree.
Go to the Buy Fresh Buy Local website for a downloadable Charlottesville Area Holiday Guide.
Come to Virginia and experience a Charlottesville Christmas!
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 , pam@JumpintoGreenerPastures.com, to list your property for sale or to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.
To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.
Visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia homes, farms, events and real estate.
One of the best parts of life in Charlottesville, Virginia is following the University of Virginia athletic teams. Of the sports my favorite is basketball. UVA plays on the Atlantic Coast Conference; the ACC offers some of the most competitive clooege basketball of any conference in the country.
Below you will find the current basketball schedule for the Virginia Cavaliers also know as the Wahoos.
Sun. Nov. 16 VMI 4:00pm
Wed. Nov.19 University of South Florida 7:00pm
Fri. Nov. 21 Radford 7:00 pm
Tue. Nov. 25 Liberty 7:00 pm
Fri. Nov. 28 Syracuse at Syracuse 7:00 pm
Tue. Dec. 02 Minnesota (ACC-Big Ten Challenge) at Minneapolis, Minn 9:30 pm
Wed. Dec. 17 Longwood 7:00 pm
Sat. Dec. 20 Auburn 4:00 pm
Tue. Dec. 23 Hampton 7:00 pm
Sun. Dec. 28 Georgia Tech at Atlanta, Ga. 5:30 pm
Sat. Jan. 03 Xavier 2:00 pm
Tue. Jan. 06 Brown 7:00 pm
Sat. Jan. 10 Virginia Tech at Blacksburg, Va. 4:00 pm
Thu. Jan. 15 North Carolina 9:00 pm
Tue. Jan. 20 Maryland at College Park, Md. 8:00 pm
Sat. Jan. 24 Florida State 4:00 pm
Sun. Feb. 01 Duke at Durham, N.C. 2:00 pm
Wed. Feb. 04 Boston College 7:00 pm
Sat. Feb. 07 North Carolina at Chapel Hill, N.C. 4:00 pm
Tue. Feb. 10 Forida State at Tallahassee, Fla. 7:00 pm
Sun. Feb. 15 Clemson 1:00 pm
Wed. Feb. 18 Virginia Tech 8:00 pm
Sat. Feb. 21 N.C. State at Raleigh, N.C. 1:00 pm
Thu. Feb. 26 Miami 8:00 pm
Sat. Feb. 28 Wake Forest 2:00 pm
Tue. Mar. 03 Clemson at Clemson, S.C. 7:00 pm
Sat. Mar. 07 Maryland 3:30 pm
ACC Tournament
Thu. Mar 12 - Sun. Mar. 15 at Atlanta, Ga.
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161, pam@JumpintoGreenerPastures.com, to list your property for sale or to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.
To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.
Visit my other blog Charlottesville Horse Farms and Country Homes for information on Charlottesville area homes and the Central Virginia real estate market.
One of my favorite Thanksgiving traditions is to attend the annual Blessing of the Hounds at Grace Episcopal Church in Keswick, Virginia. This outdoor service is held at the beautiful stone Grace Church which was constructed in 1896. The origional church on the site was built in 1745 and burned in 1785.
The members of the Keswick Hunt attired in their full livery and mounted on their horses are surrounded by the pack of foxhounds. The service includes prayers for blessing and protection of the hounds and hunters as well as thanks for the harvest. After the service spectators can walk across the road and 
witness the start of the hunt.
The first annual Blessing of The Hounds at Grace Episcopal Church was held on Thanksgiving Day in 1929. This ceremony goes back to Saint Herbert who was the patron saint o hunters and lived in 8th century France.
Blessing of the Hounds
November 27, 2008, 10:00-12:30
Grace Episcopal Church
Gordonsville Road
Keswick, Virginia
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161, pam@JumpintoGreenerPastures.com, to list your property for sale or to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.
To view all of the Charlottesville, Virginia and Central Virginia Homes for Sale click here and click on the mls search button.
Visit my other blog Charlottesville Horse Farms and Country Homes for information on Charlottesville area homes and the Central Virginia real estate market.
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Specializing in residential, horse farms and country properties in Charlottesville, Virginia Albemarle County and Central Virginia.
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