Comments on: Charlottesville Real Estate Market – We Don’t Know What We Don’t Know

By: Housing Sales Down in Charlottesville and Albemarle – February 2010 | RealCentralVA.com

Wed, 24 Mar 2010 16:39:47 +0000

[...] noted in August of 2009 that We Don’t Know What We Don’t Know. And we still [...]

By: Charlottesville Real Estate Market – Inventory Update 2010 | RealCentralVA.com

Thu, 07 Jan 2010 20:46:24 +0000

[...] has changed since I wrote in August of 2009 that regarding the Charlottesville real estate market, We Don’t Know What We Don’t Know. Now we know what we don’t [...]

By: Jim Duncan

Jim Duncan — Wed, 26 Aug 2009 11:37:14 +0000

Debaser –

Thanks for pointing that out. They are in fact the same reports, but there may be an oddity/anomaly in how the data is being run … MLS data is occasionally inaccurate.

There was one property that sold in Albemarle in July for $7 million ….

By: Debaser

Debaser — Tue, 25 Aug 2009 14:22:17 +0000

Hi Jim,

The report you posted in July had a filter of:
Category – Residential / PropType: DET, ATH, CND
compared to this month’s report which just has a filter of:
Category – Residential

Is there a difference between these filters? The avg. sale price seems to be significantly higher in some cases.
eg. Feb 2009 went from 99 sales @ $348k avg to 101 sales $388k avg.

I don’t think this is just a case of some late arriving sales data as this trend appears in previous years as well and is only ever increasing the avg price.
eg. Aug 2008 went from 203 sales @ $333k avg to 207 sales at $435k avg
and Sep 2006 went from 217 sales @ $352k avg to 218 sales at $410k avg (which would require the one extra sale to be at exactly $13 million)