January 15, 2009

Crozet, VA Real Estate III is proud to announce that it is concluding the year at Old Trail Village as the leading community in the Charlottesville-Albemarle area. With the highest number of home sales by community in its category, Old Trail Village saw sustained sale prices and a number of $1 million or more home sale transactions.* Unlike other communities in the area, Old Trail Village has enjoyed steady sales and a reduction in built home listings.

According to Rick Spigone, the managing broker for Old Trail at Real Estate III, "Our builders were conservative with their housing starts due to the 2008 uncertainty in the Charlottesville-area housing market; however, we are actually in a position where we are awaiting the completion of several projects in order to satisfy the demand for the range of products offered here at Old Trail Village."

"We have been partnered with Beights Corporation as their listing agent since Old Trail's inception and we look forward to continued success in the coming years," said Jeff Gaffney, Chairman of Real Estate III. He continued, "The completion of the Old Trail Village Center and pool complex will continue to encourage sales in 2009 as families are choosing Old Trail for its amenities and friendly community life."

Located 12 miles west of Charlottesville on Rt. 250 in Crozet, Virginia, Old Trail Village is a vibrant community of neighbors enjoying the benefits of modern living in a rural setting. Designed following the principles of new urbanism, Old Trail Village is a walkable community with a commercial center, park, trails, and play areas. The Old Trail Village Center, featuring an ACAC Fitness and Wellness facility, several eateries, office space, and apartment living will open in early 2009.

*Category defined as average sales price of $350,000 or more.

For more information, contact:
Andrea Sarate
Old Trail Village
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
434-981-4339
www.oldtrailvillage.com