Forest Lakes Housing Market Up-Date
March 26, 2009

Fulton Gaylord—Associate Broker                                                                                          
Keller Williams Realty                                                                                                                                    
1885 Seminole Trail, Suite 100                                                                                                                 
Charlottesville  VA  22901 

                   434-220-2228                                 Fulton@kw.com

There are currently 31 properties for sale in Forest Lakes.
Prices range from $199,900 to $565,000 with the Average Sales Price $305,442 and Average Days On Market = 111. Average Price Per Square Foot is $167.85.

Since January 1^st of this year 3 properties have changed hands with prices ranging from $225,00 to $295,000. Average Sales Price of $269,967 and Average Days On Market = 181. Average price per square foot was $154.84.

Last year between January 1^st, 2008 and March 31^st, 2008 49 properties changed hands with prices ranging from $214,00 to $725,000. Average Sales Price was $356,495 and Average Days On Market = 98. Average price per square foot was $161.58.

Within 3 miles of our subdivision there are 191 properties for sale ranging from $139,900 to $9,650,000 with the Average List Price at $490.747, Average Days On Market = 131 and Average Price Per Square Foot of $182.68.

Within 3 miles of Forest Lakes 23 homes have sold since January 1^st, 2009 ranging in price from $155,000 to $553,000 with the Average Sales Price of $297,639, Average Days On Market = 116 and Average Price Per Square Foot of $135.19.

Last year, within 3 miles of Forest Lakes, between January 1^st and March 31^st, 2008, 35 properties sold with prices ranging from $185,000 to $1,025,000, Average Sales Price of $381,510, Average Days On Market = 124, and Average Price Per Square Foot of $171.02.

There are incredible buying opportunities in, and around Charlottesville.  Who do YOU know who could benefit from historically low mortgage interest rates, corrected home prices, loads of housing choices, and my 16+ years as a Real Estate Broker?  Call or e-mail me with their names, today!  Thank you!

And be sure to get your copy of "The List", up-dated twice a month it's a fast and easy referrence for the serious buyer who wants to get the skinny on the best home buys in Charlottesville--including Foreclosures, Bank REO's, FSBO's (For Sale By Owner), and distressed properties.  GoTo: Charlottesville's Best Home Buys and get your copy, today!