PowerPoint Presentationlongandfostermarketinfo.com/.../Charlottesville...REAL ESTATE CHRISTIE'S...
9
51 September 2020
Transcript of PowerPoint Presentationlongandfostermarketinfo.com/.../Charlottesville...REAL ESTATE CHRISTIE'S...
51
September 2020
4%
-11%
13%
5%
4%
-6%
-12%
-5%
11%
3%
2%
2%
1%
11%
-3%
3%
0%
14%
13%
10%
9%
2% 3%
6%
16%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
Median Sale PricePercent Change Year/Year
52
$300,0
00
$280,0
00
$323,8
00
$335,0
00
$301,1
90
$289,4
08
$295,0
00
$315,0
00
$335,0
00
$334,9
50
$335,0
00
$318,0
00
$301,5
82
$310,0
00
$315,0
00
$343,9
76
$301,1
24
$330,0
00
$332,4
56
$345,0
00
$364,9
00
$340,0
00
$344,5
12
$337,0
00
$348,4
00
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Median Sales Price
$389,6
30
$337,5
00
$237,9
75
$215,0
00
$258,0
00
$387,7
58
$452,5
00
$280,0
00
$250,0
00
$316,5
00
$0
$200,000
$400,000
$600,000
$800,000
Albemarle
County
Charlottesville
City
Nelson County Fluvanna
County
Greene County
Median Sale PriceOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
●
● The current median sale price was 3%
higher than in August.
This September, the median sale price was
$348,400, an increase of 16% compared to
last year.
Highlights
Charlottesville Area - September 2020
-2%
-6% -2
%
-4%
7%
-19%
-5%
-12%
-5%
3%
16%
0%
20%
14%
0%
26%
12% 1
7%
6%
-14%
-24% -1
7%
2%
1%
31%
-35%
-30%
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
Total Units SoldPercent Change Year/Year
53
242 259
249
247
168
158
278 3
07
395
454
423
353
290
295
248
310
188
185
296
263
301
379
431
357 381
0
50
100
150
200
250
300
350
400
450
500
Total Units Sold
130
62
38
35
25
148
80
73
49
31
0
50
100
150
200
Albemarle
County
Charlottesville
City
Nelson County Fluvanna
County
Greene County
Total Units SoldOf Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
●
● There was an increase of 7% in total units
sold in September compared to August.
This month's total units sold was higher than
at this time last year, an increase of 31%
versus September 2019.
Highlights
Charlottesville Area - September 2020
54
0
50
100
150
200
250
300
350
400
450
500
Total Units Sold by Type
Detached Attached Condo
282
74%
55
14%
44
12%
Total Units Sold by TypeCurrent Month
Detached Attached Condo
29
8%
119
31%
111
29%
68
18%
54
14%
Total Units Sold by Price RangeCurrent Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
20
40
60
80
100
120
140
160
180
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
Charlottesville Area - September 2020
2% 4%
0%
-2%
3%
1% 3%
2%
0%
-2%
-1%
-1%
-1%
-1%
4%
0%
-4%
-3%
-9%
-18%
-29%
-36%
-40%
-46%
-54%
-65%
-60%
-55%
-50%
-45%
-40%
-35%
-30%
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
Total Active InventoryPercent Change Year/Year
55
1,2
90
1,2
20
1,0
56
939
949
1,0
19
1,1
62 1,2
49
1,3
02
1,3
05
1,2
80
1,2
76
1,2
75
1,2
08
1,0
93
937
914 9
86
1,0
53
1,0
22
926
833
769
694
587
0
200
400
600
800
1,000
1,200
1,400
Total Active Inventory
561
242
245
137
90
281
122
98
48
38
0
100
200
300
400
500
600
Albemarle
County
Charlottesville
City
Nelson
County
Fluvanna
County
Greene
County
Total Active InventoryOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
●
● Versus last September, the total number of
homes available was lower by 688 units or
54%.
September's total active inventory of 587
units was 15% lower than the previous
month's supply of inventory.
Highlights
Charlottesville Area - September 2020
56
0
200
400
600
800
1,000
1,200
1,400
Total Active Inventory by Type
Detached Attached Condo
467
80%
67
11%
53
9%
Total Active Inventory by
TypeCurrent Month
Detached Attached Condo
31
5%92
16%
137
23%
96
17%
231
39%
Total Active Inventory by Price RangeCurrent Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
200
400
600
800
1,000
1,200
1,400
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
Charlottesville Area - September 2020
57
97.6
%
96.6
%
97.8
%
98.8
%
97.2
%
96.8
%
98.0
%
97.3
%
97.8
%
98.5
%
97.7
%
97.2
%
97.2
%
96.8
% 97.2
%
97.2
%
97.3
%
96.8
%
98.2
%
97.8
%
97.5
%
98.0
%
97.7
%
98.3
%
98.3
%
95.0%
95.5%
96.0%
96.5%
97.0%
97.5%
98.0%
98.5%
99.0%
Average Sale Price as a Percent of List Price
Days on Market
Current
Month
One Year
Ago60 71
Down -15%
Vs. Year Ago
Avg Sale Price as % of List Price
Current
Month
One Year
Ago98.3% 97.2%
Up 1.2% Vs.Year Ago
97.8
%
95
.6%
95
.9% 9
9.0
%
98
.3%
97
.9%
98.7
%
98
.0% 99
.6%
98
.6%
90.0%
92.0%
94.0%
96.0%
98.0%
100.0%
102.0%
Albemarle
County
Charlottesville
City
Nelson County Fluvanna
County
Greene County
Sale Price as % of List PriceOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
79
72
78
8279
105
83
65
56
52
58 57
71
64
69
77
98
88
65
76
61 6365
61 60
45
55
65
75
85
95
105
115
Days on Market
82%
84%
86%
88%
90%
92%
94%
96%
98%
100%
102%
Average Sale Price as a Percent of List Price
by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
Charlottesville Area - September 2020
58
5.3
4.7
4.2
3.8
5.7
6.5
4.2
4.1
3.3
2.9 3.0
3.6
4.4
4.1 4
.4
3.0
4.9
5.3
3.6 3
.9
3.1
2.2
1.8 1.9
1.5
0
1
2
3
4
5
6
7
Months of SupplyCurrent Month's Active Inventory/Current Month's Unit Sales
$84,0
45
$93,8
62
$94,3
03
$97,4
02
$68,7
72
$58,7
10
$95,5
04
$116,3
86
$160,8
16
$184,2
42
$164,9
80
$133,8
52
$105,5
07
$109,1
20
$93,4
91 $
128,1
65
$77,7
68
$70,0
15
$110,4
13
$114,6
93
$130,9
09
$159,6
66
$186,6
65
$144,9
51
$157,2
51
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
Total Dollar Volume SoldIn Thousands
Total Dollar Volume Sold
Current
Month
One Year
Ago$157,250,885 $105,507,104
Up 49% Vs. Year Ago
Months of Supply
Current
Month
One Year
Ago1.5 4.4
Down -65% Vs. Year Ago
●
●
Total volume sold this September was 49%
greater than the same month one year ago.
In September, there was 1.5 months of
supply available, compared to 4.4 in
September 2019. That was a decrease of
65% versus a year ago.
Highlights
Charlottesville Area - September 2020
59
334
304
236
155
320
447
657
563
533
432
381
386
392
349
236
161
331
405
502
316
346
364
437
394
425
238
255
211
156
225
314
429
405
398
344
310
305
276 306
212
202
263
288
354
266
362 3
90
402
398
461
0
100
200
300
400
500
600
700
New Listings & New Contracts
New Listings New Contracts (Under Active Contract Status)
New Listings
Current
Month
One Year
Ago425 392
Up 8% Vs. Year Ago
New Contracts
Current
Month
One Year
Ago461 276
Up 67% Vs. Year Ago
1.4
1.21.1
1.0
1.4 1.41.5
1.41.3
1.3 1.2 1.3
1.4
1.1 1.1
0.8
1.3
1.4 1.4
1.2
1.0 0.9
1.11.0
0.9
0.0
0.5
1.0
1.5
2.0
Supply/Demand RatioNumber of New Listings to New Contracts
168
98
48
41
37
176
91
67
60
31
0
50
100
150
200
Albemarle
County
Charlottesville
City
Nelson County Fluvanna County Greene County
New ListingsOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
122
57
40
33
24
190
99
71
67
34
0
50
100
150
200
Albemarle
County
Charlottesville
City
Nelson County Fluvanna County Greene County
New ContractsOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
● Based on this month's amount of new listings
and new contracts, the ratio of home supply
(new listings) to current home demand (new
contracts) was 0.9, a decrease of 35% from
September 2019.
Highlights
Charlottesville Area - September 2020
