Contact Becky? btopproducer@aol.com
Licensed to sell real estate in the Commonwealth of Virginia
Real Estate III Charlottesville, VA, 434.760.2888 (mobile phone)
500 Faulconer Drive, Charlottesville, VA 22903
Market Sense
- Inventory jumps to its highest during June, so list early to get a start on reaching the early Spring shoppers
- Present inventory carries a 'saturation rate' of 34.75 months. This means, at the present rate, it will take over a year to sell out the existing inventory at today's prices. Sellers who are aggressive and realistic about pricing their homes will get an offer quicker.
- Buyers remain wary, hesitant to rush to an emotional decision to buy; may make several return trips to Top 3 Choices before writing an offer. Sellers have to offer incentives.
As of June 16, 2008
- 3 sold properties between Jan. 1-May 31, 2008
- 48 active listings as of June 1, 2008
- 3 pending sales with average price of $437,000, 77 days-on-market $183/sq. foot
- 34.75 month "saturation rate" to sell out existing inventory provided no new listings come on the market
- 8.3% "average" overpricing across the board for all actives
THE BOTTOM LINE: To sell this season, Becky encourages sellers to price 5-8% below current prices and expect traffic to increase and offers to be presented.
2008 Update
|
STONEY CREEK
|
vs. GLENMORE
|
| Units Sold of Total |
25/493 developed lots |
52/930 |
| % difference list: sale price |
5.8% |
3.8% |
| Highest Sale |
$912,500 |
$1,900,000 |
| Lowest Sale |
$215,000 |
$410,000 |
| Average Sales Price |
$498,228 |
$772,604 |
| Price/Sq. Foot |
$193 |
$198 |
| Days on Market |
108 |
95 |
| Main Floor Masters |
88% |
83% |
| Holes of Golf |
27 |
18 |
| Cost to Join Club (+$14,500 + Right of Membership if required) |
$17,000 |
$20,000 |
| Club Type |
Public Access |
Private |
| Annual POA Dues |
$1,116 |
$634 |
| Additional Amenities |
+More golf, indoor tennis |
indoor pool & skiing/tubing park |
| Gated Community |
NO |
YES |
| Minutes to Town |
35 |
12 |
| Primary Exteriors |
Cedar siding, hardiboard |
Stone, brick, stucco |
| Mountain Views |
Direct |
Distant |
| Paved Walking Trails* |
50% of neighborhood |
100% |
*Trails connect to all residential sections
