C-Ville has a brief update on the Virginia real estate market today:
Still, that doesn’t mean those $1 million homes are being snapped up hours after listing. There are currently 576 homes on the market priced at $1 million or more.
“And we only sell about 100 of those a year,” Phillips says with a wry laugh.
– For the Charlottesville area* there are 178 residential properties on the market, with asking prices of at least $1,000,000.
– For Charlottesville/Albemarle, there are 145 residential properties on the market with asking prices of at least one million dollars.
– Including Waynesboro and Augusta, there are 197 million-dollar-plus properties on the market.
Why bother clarifying this story and data? Because accurate, relevant data – and the appropriate context – matters.
For a more broad, but sufficiently localized snapshot of the million dollar market** look at this snapshot and download this pdf.
*Albemarle, Charlottesville, Fluvanna, Greene, Louisa, Nelson
**Albemarle, Augusta, Buckingham, Charlottesville, Fluvanna, Greene, Louisa, Nelson, Waynesboro
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