2009-Q1 Virginia Home Sales Report

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VIRGINIA HOMES SALES HOMES SOLD FIRST QUARTER 2008 (Q1 '08) These figures refer to home sales transactions completed (closed) in the specified quarter. Average days on the market refers to the average days until a contract is written. Median and average sales prices are shown where available. Please visit www.VARealtor.com under the Research tab for more information.

LOCAL MULTIPLS LISTING SERVICES* BLUE RIDGE CHARLOTTESVILLE AREA DAN RIVER REGION DULLES AREA EASTERN SHORE FREDERICKSBURG GREATER PIEDMONT HARRISONBURG-ROCKINGHAM LEXINGTON/BUENA VISTA LYNCHBURG MARTINSVILLE-HENRY-PATRICK MASSANUTTEN CHESAPEAKE BAY & RIVERS NEW RIVER VALLEY NORTHERN NECK NORTHERN VIRGINIA PRINCE WILLIAM RICHMOND METRO ROANOKE VALLEY SOUTH CENTRAL SOUTHWEST VIRGINIA GREATER AUGUSTA HAMPTON/ ROADS/PENINSULA

WILLIAMSBURG TOTALS

Home Sales Q1 '08 Q1 '07 295 401 ** 160 236 830 1,168 76 N/A 674 910 292 381 192 243 52 40 461 613 133 157 96 139 167 263 344 355 N/A 140 2,935 4,563 1,341 1,302 1,840 2,745 932 1,133 66 74 215 211 228 261 4,105 5,345 249 346 16,259 21,928

% chg. ‐26% ‐32% ‐29% N/A ‐26% ‐23% ‐21% 30% ‐25% ‐15% ‐31% ‐37% ‐3% N/A ‐36% 3% ‐33% ‐18% ‐11% 2% ‐13% ‐23% ‐28% ‐26%

*Most multiple listing services cover several jurisdictions. See www.VARealtor.com for details.

**See www.caar.com for Charlottesville area market statistics. N/A Information not available.

Median Sales Price ($) Q1 '08 Q1 '07 % chg. 228,805 268,356 ‐15%

Average Sales Price ($) Q1 '08 Q1 '07 % chg. 267,322 297,644 ‐10%

83,465 324,440 187,584 265,615 266,676 202,181 152,672 147,511 84,200 189,427 245,541 157,960 N/A 404,054 266,734 225,000 159,178 135,909 118,842 179,691 230,269 314,612 259,969

116,723 420,111 174,950 292,077 320,865 226,731 241,104 184,148 107,994 207,180 328,243 184,496 N/A 479,696 295,872 267,293 195,829 154,513 144,273 199,956 268,805 350,696 307,654

85,371 430,156 N/A 303,423 327,743 192,393 243,000 129,988 86,921 209,255 231,497 159,512 N/A 455,189 370,228 N/A 157,359 121,459 109,336 188,500 229,158 349,102 259,878

‐2% ‐25% N/A ‐12% ‐19% 5% ‐37% 13% ‐3% ‐9% 6% ‐1% N/A ‐11% ‐28% N/A 1% 12% 9% ‐5% 0% ‐10% 0%

105,390 514,436 N/A 333,205 362,254 199,610 212,962 159,897 90,976 220,474 246,727 169,209 210,499 509,806 393,465 264,507 184,865 133,863 131,563 155,334 256,846 383,644 324,660

11% ‐18% N/A ‐12% ‐11% 14% 13% 15% 19% ‐6% 33% 9% N/A ‐6% ‐25% 1% 6% 15% 10% 29% 5% ‐9% ‐5%


VIRGINIA HOMES SALES PENDING SALES FIRST QUARTER 2008 (Q1 '08) These number of pending sales denotes sale contracts signed during the specified quarter. These figures may not denote every transaction that has taken place. These contracts become "sold" at a later date, but not all pending contracts end up as "sold."

LOCAL MULTIPLS LISTING SERVICES* BLUE RIDGE CHARLOTTESVILLE AREA DAN RIVER REGION DULLES AREA EASTERN SHORE FREDERICKSBURG GREATER PIEDMONT HARRISONBURG-ROCKINGHAM LEXINGTON/BUENA VISTA LYNCHBURG MARTINSVILLE-HENRY-PATRICK MASSANUTTEN CHESAPEAKE BAY & RIVERS NEW RIVER VALLEY NORTHERN NECK NORTHERN VIRGINIA PRINCE WILLIAM RICHMOND METRO ROANOKE VALLEY SOUTH CENTRAL SOUTHWEST VIRGINIA GREATER AUGUSTA HAMPTON/ ROADS/PENINSULA

WILLIAMSBURG TOTALS

Pending Sales Q1 '08 Q1 '07 382 517 ** 113 N/A 1,332 1,496 80 84 1,060 1,232 440 508 195 255 57 36 685 991 35 99 122 53 219 224 59 542 N/A 35 4,227 5,603 2,341 1,645 3,119 4,176 1,163 1,456 295 366 248 212 116 168 4,734 6,562 316 386 21,797 27,467

% chg. ‐26% N/A ‐11% ‐5% ‐14% ‐13% ‐24% 58% ‐31% ‐65% 130% ‐2% ‐89% N/A ‐25% 42% ‐25% ‐20% ‐19% 17% ‐31% ‐28% ‐18% ‐21%

*Most multiple listing services cover several jurisdictions. See www.VARealtor.com for details. **See www.caar.com for Charlottesville area market statistics. N/A Information not available. All information is deemed reliable, but is not guaranteed.


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