Home Sales Stats

HOME SALES STATS ENDING THE WEEK OF MARCH 15, 2020

There were 71 sales in the 11 county and city areas

n 27 were in Albemarle with an average price of $469,273 n 8 were in Charlottesville with an average price of $335,963 n 10 were in Fluvanna with an average price of $283,958 n 8 were in Greene with an average price of $282,229 n 3 were in Louisa with an average price of $351,333 n 2 were in Madison with an average price of $224,750 n 4 were in Nelson with an average price of $314,000 n 2 were in Orange with an average price of $253,500 n 4 were in Staunton with an average price of $184,225 n 3 were in Waynesboro with an average price of $216,267

HOMES SOLD

652 BIG OAK ROAD PEACOCK HILL

1418 RUGBY AVENUE RUGBY HILLS

59 HARDWOOD ROAD LAKE MONTICELLO

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM 136 SPRING OAKS LANE CROSS CREEK

240 LAKE FRONT DRIVE MINERAL

303 PIEDMONT STREET ORANGE

LOCAL GOVERNMENT

(Note: Real estate tax information gathered from local government Web sites and is believed but not guaranteed to be accurate as of publication date. Towns may assess real estate taxes in addition to those charged by each county.)

CITY OF CHARLOTTESVILLE www.charlottesville.org Real estate tax rate: $.95 per $100 CITY OF STAUNTON www.staunton.va.us Real estate tax rate: $.95 per $100 CITY OF WAYNESBORO www.waynesboro.va.us Real estate tax rate: $.90 per $100 ALBEMARLE COUNTY www.albemarle.org Real estate tax rate: $.854 per $100 FLUVANNA COUNTY www.co.fluvanna.va.us Real estate tax rate: $.925 per $100

GREENE COUNTY www.gcva.us Real estate tax rate: $.775 per $100 LOUISA COUNTY www.louisacounty.com Real estate tax rate: $.72 per $100 MADISON COUNTY www.madisonco.virginia.gov Real estate tax rate: $.68 per $100 NELSON COUNTY www.nelsoncounty.com Real estate tax rate: $.72 per $100 ORANGE COUNTY www.nelsoncounty.com Real estate tax rate: $.804 per $100

THE

Staff: PUBLISHER Aimee Atteberry aimee@c-ville.com MARKETING SERVICES Beth Wood beth@caarrew.com 434.817.9330 EDITORIAL COORDINATOR Celeste Smucker editor@caarrew.com

DESIGN Tracy Federico designer@c-ville.com Lorena Perez designer2@c-ville.com

The REAL ESTATE WEEKLY is published weekly by the CAAR Real Estate Weekly, Inc., a wholly owned subsidiary of the Charlottesville Area Association of R ealtoRs ® , Inc. Copyright All rights reserved. Reproduction in whole or in part without permission of the publisher is strictly prohibited.

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the CAAR Real Estate Weekly, Inc. reserves the right to edit or refuse any advertising it deems inappropriate or misleading. No advertising will be published in the Real Estate Weekly if it is known to be inaccurate or untruthful. Every effort has been made to assure accuracy, but this publication does not warrant, nor is it liable for the advertising placed within this publication. This publication will not accept advertising that refers to or attempts to establish fees or rates of commissions charged for services rendered. Information on advertising placement may be obtained by calling 434-817-9330. All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise “any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination.” Virginia Fair Housing Law also makes it illegal to discriminate because of elderliness (age 55 and over). We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

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LUXURY LIVING DOWNTOWN

218 W. Water Street is at the heart of Charlottesville's most sought after location in the downtown urban environment. Experience the ease of access to the city's best dining, shopping, and entertainment, which you will find just footsteps away.

As if the location wasn't enough, the luxurious condos offer unsurpassed views of the Blue Ridge Mountains and Downtown Charlottesville with floor to ceiling windows and expansive outdoor terraces. The RESIDENCES at 218 are a MUST SEE!

JOHN E. NEAL

218 W Water Street, Charlottesville, VA 22901 E-mail : jneal@gemc.com www.RESIDENCESat218.com

CALL NOW! (434) 906-3141

To our CommuniTy

Loring Woodriff Real Estate Associates believes that by working together safely and selflessly we will get through this period of tremendous uncertainty.

On a bright note, the real estate market in Charlottesville and the surrounding counties has been, and continues to be, extraordinarily robust. As of March 23rd, 2020 in Charlottesville and Albemarle, 240 residential properties have sold and an additional 388 properties have gone under contract since February 1, 2020. The story is no different for $1,000,000+ properties. 9 properties sold for $1,000,000 or more since February 1st and 14 more have gone under contract in this timeframe. Our agents represented 13 of these 23 sellers and 9 of these 23 buyers.

While there is no question that the COVID-19 crisis is of grave, and at this point, unquantifiable concern, this is also a time of historically low interest rates. In our technology-driven era, most of the real estate buy and sell process can and should be done from home.

Our agents continue to work diligently during this time to service our clients. We continue to adjust to evolving circumstances as appropriate. If you have any questions, please get in touch with your LWREA Realtor or contact us directly as we navigate this uncertain time together.

Be Safe, Be SelfleSS!

401 Park Street Charlottesville, VA 22902

From all of us at

434.977.4005 lwoodriff@loringwoodriff.com