Old Trail Home Sales Increased in 2011

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Last year 84 houses in Old Trail were sold or placed under contract, 72 being new construction, according to Beights Corporation, the project’s developer.

Sales totaled $37.3 million, nearly $7 million more than in 2010.  The average sales price and median sales price increased over 2010, to $444,081 and $423,590, respectively, increases of 12 percent and 16 percent.

The average cumulative days on the market for Old Trail properties is 66, roughly half that reported for the greater Charlottesville area.