A mid-October price-drop report including three Fluvanna County listings

It will not be long before the Charlottesville Area Association of Realtors publishes its summary of the third quarter of real estate activity. When I write up the summary, I’ll be informed by my frequent review of emails from realtor.com that alert me when asking prices for properties are reduced.

The end of the October 15, 2024 newsletter included this section with a rundown of some of the latest from the past two weeks. 

• A three bedroom condominium in the Queen Charlotte building at 207 East Jefferson Street had its price lowered by $130,000 on September 30 to $1,295,000. The 2024 assessment is $996,600. (read the listing)
• On October 1, realtor.com reported that a three bedroom house at 1211 Avon Street had its asking price reduced by $30,000 to $435,000. The 2024 assessment is $243,100. (see the listing)
• Also on October 1, a two bedroom townhouse at 1340 Le Parc Terrace in the Riverrun subdivision in Albemarle County had its asking price dropped $10,000 to $339,000. A further decrease has been made later in the month to $328,500. The 2024 assessment is $300,300. (peruse the listing)
• A three bedroom house at 2306 Tarleton Drive had its asking price reduced by $45,100 to $599,900. The 2024 assessment is $563,600. (view the listing)
• A four bedroom single-family attached house at 2316 Finch Court in the Briarwood development was lowered in price by $10,000 to $359,900. The 2024 assessment is $259,500. (observe the listing)
• On October 4, the asking price for a three bedroom house at 1001 Altavista Avenue in the city’s Belmont neighborhood was lowered by $5,000 to $353,000. The 2024 assessment is $257,300. (attain the listing)
• Now it’s time for the first ever appearance by a Fluvanna County listing! A new townhome built by Stanley Martin Homes in the new Essence at Colonial Circle Community had its asking price lowered $10,000 to $320,840. I don’t see 127 Horse Path Lane listed in Fluvanna County’s GIS but this was lowered again Monday and is now listed for $299,000. (learn more)
• And the second one from Fluvanna! 125 Horse Path Lane had its asking price dropped $10,000 to $325,800 on October 5. That’s been further reduced since to $324,840 and again on Sunday to $319,840. This one has four bedrooms. (see the listing)
• Back to Charlottesville. A one bedroom condominium at 105 Monticello Avenue had its asking price lowered by $10,000 to $400,000. The 2024 assessment is $336,900. (view the listing)
• On October 6, a four bedroom house at 1719 Shady Grove Court in Mill Creek had its asking price dropped $5,000 to $495,000. The 2024 assessment is $403,600. (take a look)
• On October 10, a newly constructed three bedroom house at 85 Horse Path Lane in Fluvanna County had its price reduced $4,000 to $391,789. There does not appear to be an assessment in GIS, but I have a lot to learn about how they keep their records. (view the listing)
• On October 12, a three bedroom townhouse built in 2010 at 2126 Avinity Loop had its asking price lowered $35,000 to $425,000. That’s lower than the 2024 assessment of $438,200. (listing is here)
• A two bedroom house at 1002 2nd Street SE had its asking price dropped $21,000 to $399,000. The 2024 assessment is $299,200. (look at the listing)
• A three bedroom house built in 1992 at 1420 Willow Lake Drive had its asking price dropped Sunday $10,000 to $515,000. The 2024 assessment is $467,400. (take a look)
• A four bedroom house at 1786 Stoney Creek Drive in Mill Creek had its asking price dropped Sunday by $5,100 to $519,900. The 2024 assessment is $430,200. (see the listing)
• A four bedroom house at 928 Monticello Avenue had its asking price reduced by $40,900 to $699,000. The 2024 assessment is $642,800 and the house last sold in March 2021 for $580,000. (view the listing)

Before you go: The time to write and research of this article is covered by paid subscribers to Charlottesville Community Engagement. In fact, this particular installment is from the October 15, 2024 edition of the newsletter. To ensure this research can be sustained, please consider becoming a paid subscriber or contributing monthly through Patreon.