Housing Stats for October 2007: More Houses Sold Than Last Month!

Today I compared September 2007 & October 2007 housing stats for real estate transactions in our area.

The good news... all areas, except Louisa County, had increases in the number of houses sold. The largest increases were Fluvanna County with a 54% increase, Greene County with a 50% increase, and Nelson County with a 43% increase.

Orange County also had a 38% increase in the number of houses sold, as well as a 39% decrease in the average selling price.

Two counties had very large increases in the average days on the market:
Orange County had a 99% increase and Louisa County had a 97% increase.

Housing gains since 2006 are happening in our area. Sellers are getting a haircut on selling, but are getting a great huge haircut on buying (incredible values). Now is the time to buy! This is the 4th best year for real estate in history, so what are we waiting for?

Click this link to view the September 2007 housing stats, so you can
compare:

http://move2va.blogspot.com/2007/10/housing-stats-for-september-2007-lots.html



Here are the October 2007 housing stats:

====================================================

GREENE COUNTY
Number of Houses Sold 18
Average Selling Price 283,583
Average Days on the Market 101
Number of Houses on the Market 202
Median Selling Price $240,000.00

====================================================

ORANGE COUNTY
Number of Houses Sold 11
Average Selling Price 225,036
Average Days on the Market 143
Number of Houses on the Market 168
Median Selling Price $256,900.00

====================================================

LOUISA COUNTY
Number of Houses Sold 18
Average Selling Price 261,215
Average Days on the Market 211
Number of Houses on the Market 275
Median Selling Price $256,330.00

====================================================

FLUVANNA COUNTY
Number of Houses Sold 37
Average Selling Price 289,573
Average Days on the Market 85
Number of Houses on the Market 333
Median Selling Price $265,000.00

====================================================

NELSON COUNTY
Number of Houses Sold 20
Average Selling Price 375,300
Average Days on the Market 112
Number of Houses on the Market 294
Median Selling Price $332,500.00

====================================================

ALBEMARLE COUNTY
Number of Houses Sold 96
Average Selling Price 468,966
Average Days on the Market 109
Number of Houses on the Market 985
Median Selling Price $339,900.00

====================================================

CITY OF CHARLOTTESVILLE
Number of Houses Sold 51
Average Selling Price 337,394
Average Days on the Market 95
Number of Houses on the Market 377
Median Selling Price $320,800.00

====================================================

Karen
www.move2va.com

Interest Rates edged up to 6.31% this week

Fixed-rate mortgages went up a bit this week after the Feds cut the rate by 1/4 point.

Read more at BankRate.com:

http://www.bankrate.com/brm/news/bank/Nov0807_interest_rate_roundupa1.asp?s=2#tab

Karen
www.move2va.com

Featured Home - Forest Lakes @ County Assessment, Only $359,700

Virtual Tour: http://www.visualtour.com/show.asp?T=1187640

• Immaculate large 4 bedroom home in Forest Lakes - 2,400 square feet
  
• Immediate Occupancy!
  
• Reduced $39,200 to $359,700 firm
  
• Forest Lakes: pool, clubhouse, trails, tennis, basketball, lakes
  
• Walk to Sutherland Middle School & shopping - Baker Butler Elementary
  
• Great floorplan with family room adjacent to kitchen
  
• Gourmet kitchen, lots of cabinets, huge pantry, island, breakfast nook
  
• 4 Large bedrooms, master suite with whirlpool tub, shower
  
• Freshly painted
  
• Expandable room off of a bedroom
  
• Not too late to buy and move in quickly
  

Contact me 24/7 for information about this home or any home on the market.

Karen
www.move2va.com