At a lunch with yesterday, I was asked, “what’s the most popular price point in Albemarle?” My professional instinct said “between $350k and $450k” but as always, I wanted to back that up with actual data.
Looking solely at single family homes in Albemarle County, about 40% of the active inventory is between $300k and $650k.
And the single family homes in Albemarle that have sold since the first of 2013, a greater percentage of the inventory has sold in the $300k – $650k price point than is active.
(if you’re curious to search the Charlottesville MLS for single family homes for sale in Albemarle)
Great. That’s what’s for Sale and Sold in Albemarle County; let’s look at the home price distribution in the City of Charlottesville – nearly 60% of the active inventory is priced between $220k and $500k.
Looking at the single family homes that have sold since the first of 2013 in the City of Charlottesville, I was a bit surprised to see the relatively lower price point distribution, but not that about 60% of the inventory had sold in that price point.
Look for yourself â€¦
(if you’re curious to search the MLS for single family homes for sale in Charlottesville)