Central Virginia Home Sales Up, Prices Down in First Quarter

Virginia Gay Real EstateCentral Virginia home sales rose 9.2 percent in the first quarter of 2012 compared to the same time period last year and median sale prices fell 2.7 percent, according to the Charlottesville Area Association of Realtors.

In its first quarter market report, CAAR officials counted 463 homes sold between January 1 and March 31. That’s 39 more homes than were sold for the first three months of 2011. The sales totals show a 9.2 percent drop from the 510 sold in the last three months of 2011.

Fluvanna County saw the largest increase in property sales with a nearly 41 percent increase, while Nelson County had 22.2 percent more and Greene County saw almost a 19 percent jump in sales in the first quarter as compared to the same time last year.

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