Charlottesville Virginia Farm and Land Sales YTD

by Staff on October 31, 2011

Almost daily someone asks us, how’s the real estate market in Charlottesville? While we as a firm have been busy, the market is not quite as active.  

The Charlottesville Area Association of Realtors provides general statistics for all real estate sales; but since most of our clientele are searching for farms and land in the area, we create our own charts using their data but specifically tailored for farms and land in the central Virginia area. The charts below will give you a better idea of the current Charlottesville area farm and land market.   

The number of properties actively listed on the market and the rate in which they are selling determines the “absorption rate” — as in how many months it will take the market to absorb (sell) the current number of available properties at the prior year’s rate of sales.

ABSORPTION RATE FOR FARMS:

Central VA Farms For Sale

FARM SALES YEAR TO DATE: 

Central VA Farm Sales YTD
There are no significant changes in the rate of sales for land and farms in Central VA for the past few months. Buyers are still searching for deals and are also searching for the “bottom” of the market pricing. Sellers of land continue to exercise the definition of “patience”.

ABSORPTION RATE FOR LAND:
Central VA Land For Sale
LAND SALES YEAR TO DATE: 

Central VA Land Sales YTD

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