CAAR publishes first quarter 2016 home sales

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CHARLOTTESVILLE, Va. (NEWSPLEX) -- The demand for townhouses and condos is increasing in the Charlottesville area.

According to a new report from the Charlottesville Area Association of Realtors, sales of attached homes increased nearly 24 percent compared to the first quarter of last year.

"I think it goes along with the rest of the market," said CAAR President Donna Patton. "I think the whole market is up and some people decided that they want to be in a home where that they don't have a lot of maintenance on the outside. Those for the most part are closer to the city."

The same report also shows a 14-percent increase in total homes sold compared to 2015, marking the sixth quarter of year-over-year gains. The median sales price declined slightly to $250,000.



 
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