WCAV-WVAW-WAHU | Charlottesville, Virginia | News, Weather & Sports

2013 CAAR Report Released

Jan. 14, 2014

The Charlottesville Area Association of Realtors (CAAR) published its 2013 Year End Home Sales Report on Tuesday. The annual report showed a solid real estate industry in Central Virginia.

The report revealed a ten percent increase in the number of sales for the area over last year. There were 2,909 homes sold in the greater Charlottesville area in 2013 which marked the second year in a row with significant gains in sales activity.

In addition, the $265,000 median sales price in 2013 was at the highest level since 2008.

And while 2013 marked the second consecutive year with double digit gains in home sales, a new pattern began to emerge in supply: gains in inventory. Eleven out of the 12 months in 2013 saw more new listings added than in 2012.

The report also stated that the average length of time a property was on the market also improved compared to recent years. Half of the homes sold in 2013 were on the market for fifty-four days or less, representing the lowest level since 2006.

John Ince, 2014 CAAR President, tells home buyers that "appreciation seems to be the norm for real estate now so an investment in real estate is a safe investment. That's really the most important thing to take away from this report."

The comments sections of Newsplex.com are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we only ask that you use your best judgment. E-mail is required, but will not be displayed with comment.

  • Comments cannot be profane or vulgar. We will not post comments that use profanity or cross the lines of good taste.
  • We will not post comments that use hate speech. Slurs, stereotypes and violent talk aren’t welcome on our website.
  • Comments should not attack other readers or people featured in our stories personally. Any accusations should be backed up with facts.
  • Any comment we post will be posted in its entirety. We do not edit any comment that we post.
  • Comments should contribute to the discussion. We will not post comments that don't advance the discussion. Flaming and/or trolling will not be tolerated.
  • Comments should not attack other posters. Let's keep the focus on the content of the story.

    As a host Newsplex.com welcomes a wide spectrum of opinions. However this is a site that we host. We have a responsibility to all our readers to try to keep our comment section fair and decent. For that reason The Newsplex reserves the right to not post or to remove any comment.

    If you have any ideas to improve the conversation or this section let us know. Send an e-mail to webmaster@newsplex.com.


powered by Disqus
The Charlottesville Newsplex 999 2nd Street S.E. Charlottesville, VA 22902 434.242.1919 – Main 434.220.7522 - Newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 240143631