CAAR 2015 First Quarter Report

CAAR 2015 First Quarter Report shows that the median sales price for the region was up 5.1% over Q1- 2014, rising from $244,250 to $256,750; Sellers received 94% of original list price at sale, 2.7 points higher than the five-year average for the quarter.

Charlottesville Area First Quarter Highlights:

  • Median sales price for the region was up 5.1% over Q1-2014, rising from $244,250 to $256,750.
  • Sellers received 94% of original list price at sale, 2.7 points higher than the five-year average for the quarter.
  • Closed sales remain consistent as new pending sales were up 18%, boding well for the spring market.
  • Homes in the $300-$400k price range sold fastest, with half of the 80 homes in this segment selling in 34 days or less.
  • Detached median sales price was up 8.2% year-over-year whereas the attached median sales price decreased by 6.5%.