Another look at price reductions in Albemarle and Charlottesville as the quarter ends

Monday was the final day of the third quarter and soon there will be reports about how the real estate market has performed. One way I keep up is to go through emails from realtor.com with the subject PRICE DROP. Are people setting their prices way too high? 

I’ve not really had much feedback on this segment but I love writing these up as another way to stay in touch with what’s happening in the market. I welcome feedback. Here we go!

• On September 10, a three bedroom townhouse built in 2010 at 2126 Avinity Loop off of Avon Street Extended had its desired price lowered to $460,000, down $9,000. The 2024 assessment is $438,200. (learn more)
• On September 10, a three bedroom house at 1001 Altavista Avenue in the city’s Belmont neighborhood was reduced by $15,000 to $358,000. The last time the house sold was in July 1995 for $45,000. The 2024 assessment is $257,300. (know more)
• On September 10, the asking price for a four bedroom house at 878 Ridge Street was dropped $90,000 to $275,000. The 2024 assessment is $426,200. A sale is now pending. (see more)
• Also on September 10, the wanted price for a two bedroom condominium at 200 Douglas Avenue was reduced $25,300 to $549,900. The 2024 assessment is $605,400. (go for more) 
• A four bedroom house at 2213 Banbury Street had its price dropped by $26,000 to $459,000. This also happened on September 10. The 2024 assessment is $438,900. (ascertain more)
• Also on September 10, the desired price for 111 Carrsbrook Court was reduced by $14,901 to $484,999. (observe more)
• A three bedroom house at 2617 Northfield Road had its price lowered by $36,000 to $799,000. The 2024 assessment is $524,000. (witness more)
• There was another price drop for 748 Lexington Avenue on September 11. The four bedroom house had its price reduced by $130,000 to $1.97 million. The 2024 assessment is $1,215,700. The last time the property was purchased was in June 2021 for $550,000. (visit for more)
• On September 12, A three bedroom house at 1393 Auburn Drive in the Auburn Hills subdivision had its desired price reduced $5,000 to $450,000. The 2024 assessment is $375,600. (look at more)
• A three bedroom townhouse built in 2003 at 3311 Turnberry Circle in the Forest Lakes community had its asking price dropped by $14,900 to $395,000. The 2024 assessment is $339,200. A sale is pending. This price drop was on September 12.  (click for more)
• A single family attached home at 4584 Heather Court in the Briarwood community was lowered in price by $15,000 to $385,000 on September 12. A further drop to $370,000 came later in the month. The 2024 assessment is $308,900. Also September 12. (visit for more)
• On September 13, the asking price of a four bedroom house at 1340 Mosby’s Reach in the Dunlora neighborhood was reduced an additional $26,000 to $699,000. On June 12, the asking price had been $799,000. The 2024 assessment is $594,900. A sale is now pending. (discern more)
• On September 13, the list price for 44 Horizon Road was reduced $11,729 to $474,900. This is a three bedroom townhouse in Southwood built by Atlantic Builders that first sold for $457,950 on April 29, 2024. The 2024 assessment is $464,000. (get more)
• A four bedroom house at 306 Gloucester Road was reduced in price on September 13 by $21,000 to $599,000. The 2024 assessment is $516,400 having been lowered from $536,600 in 2023. (peruse more)
• On September 17, a three bedroom townhouse at 1762 Flora Lane had its price lowered $10,100 to $559,900. This unit was built in 2023 in the Brookhill development by Stanley Martin Homes and sold for the first time in August 2023 for $517,715. The 2024 assessment is $532,900. (there is more)
• On September 18, a three bedroom house at 941 Henry Avenue had its asking price lowered by $50,000 to $849,900. The 2024 assessment is $495,200. A building permit for an estimated $60,000 worth of construction was issued in July 2022. (look at more)
• On September 18, a three bedroom house at 322 11th Street NE had its asking price reduced by $24,000 to $575,000. This was further reduced on Sunday by $26,000 to $549,000. The 2024 assessment is $438,000. (see more)
• On September 18, a four bedroom house at 921 Lochlyn Hill Lane had its desired price dropped $105,000 to $995,000. The 2024 assessment is $983,900. A sale is pending. (view more)
• On September 18, a four bedroom house at 1740 Shelton Street in Belvedere had its list price lowered $19,000 to $920,000. The 2024 assessment is $818,100. (take a look at more)
• On September 20, a three bedroom condominium at 1013 Linden Avenue with 1,216 square feet had its price lowered by $6,000 to $339,000. On September 25, the price was lowered another $4,000 to $335,000. The 2024 assessment is $278,000. (learn more)
• On September 23, a three bedroom townhouse at 3444 Montague Street was lowered in price $5,000 to $465,000. The 2024 assessment is $438,800. (more listing here)
• On September 24, a three bedroom house at 761 Ridge Street had its asking price dropped $30,000 to $325,000. The 2024 assessment is $293,900. (more info here)
• On September 25, a five bedroom house at 1419 Burgess Lane was reduced in price by $15,000 to $570,000. The 2024 assessment is $537,900. (take a look)
• On September 25, a three bedroom condominium at 114 Hessian Hills Ridge had its asking price lowered by $10,000 to $259,900. The 2024 assessment is $216,800. (details here)
• On September 27, a three bedroom house at 721 Lyons Avenue was lowered in price by $26,000 to $599,000. The 2024 assessment is $413,900. (read more)
• On September 27, a four bedroom house at 1821 Hearthglow Lane was reduced in price by $15,100 to $659,900. The 2024 assessment is $647,500. (educate yourself on more)

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