Charlottesville Golf Communities Real Estate Market Report – Glenmore 2011 Year End

Charlottesville Golf Communities Real Estate Market Report – Glenmore 2011 Year End

For this real estate market report we will dig down to the neighborhood level and focus on the sales of single family detached homes in the Glenmore golf community during 2011.  In addition we will see how the 2011 sales compare with 2010.

2010 average list price $762,789.
2011 average list price $715,127.

2010 average sale price $730,411.
2011 average sale price $686,093.

2010 median sold price $680,000.
2011 median sold price $622,500.

2010 average continuous days on market 180.
2011 average continuous days on market 122.

2010 %sold/list price 95.75%.
2011 %sold/list price 95.84%.

2010 homes sold – 27.
2011 homes sold – 28.

The real estate market in Glenmore has remained stable as compared with 2010.  Unfortunately the median home price has decilined by almost $60,000.  The best news from this report is the fact that days on market have come down.  The best news of all is that the Glenmore real estate market is starting out 2012 strong.  There are already 4 Glenmore homes under contingent contract and an additional 4 homes with contracts pending.  If all of these close the Glenmore real estate market will be off to a great start!

Copyright 2011 by Pam Dent all rights reserved “Charlottesville Golf Communities Real Estate Market Report – Glenmore 2011 Year End“.