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Home Sales in Central Virginia aren’t Great

CAAR year-end market reports show Central Virginia’s median price for homes sold in 2009 was $245,000,$265,000 in 2008 and $277,000 in 2007. The local market reached its peak median sale price in the first quarter of 2006, according to CAAR reports, when the median home sale was $289,900.

I know that the above is the best available data to the media, but it’s really mostly irrelevant. The end of 2009 is long-gone, and “Central Virginia” is far too great to provide useful information for buyers or sellers, or interested people other than to provide exceptionally high-level trends.

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Real Estate Market in 2011 Charlottesville VA

What’s the Charlottesville real estate market going to look like in 2011? I’ll be making projections and contemplations in a few weeks, but in the meantime, have a look at the Google:

Web search interest in real estate in Virginia : Do your own search to see projections … Web search interest in real estate in the USA: The search for real estate agencies has shown a more marked and consistent decline: Looks like buying a home is seasonal.

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