Contracts in Charlottesville and Albemarle are up (February 2012)

The NAR released their Pending Sales report this morning.

As we know, national data doesn’t matter so much.

So, I looked at the homes put under contract in Charlottesville and Albemarle for the past few months.

Pendings in Charlottesville and Albemarle 2010 - 2011 - 2012

But … keep in mind that things are so very mixed. I’ve been showing homes in the $550k – $800k range for the past few days. Of the past five properties we’ve seen:

– One is a short sale

– One is a foreclosure

– Three are regular sales

* Data from the Charlottesville MLS

** “Right Now” is 27 February around 10:30. From Open Space. I’ll update the chart after February.

Updated on 3 March. Contracts in February 2012 in Charlottesville and Albemarle are up just over 68%.

Closings in Charlottesville and Albemarle - January and February 2011 and 2012

Eventually I’m also going to look into breaking down property type (single family, attached, condo) and sale type (regular, short sale, bank-owned).

If you’re interested, these are the charts from 26 February, before I updated this post with more recent data –

Pendings - Zoho Sheet - Online Spreadsheets-1.jpg

Closings in Charlottesville and Albemarle-1.jpg

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