Nearly a Billion Dollars of Real Estate on the Market in Charlottesville & Albemarle

Jim Duncan on Twitter_ _Excluding new construction, Albemarle County has 753 homes on the market - highest is $14mil, lowest is $42k. Total is $643 mil._

Some somewhat random data musing for the day -- (when I initially wrote the headline, I was including new construction ... which massively increases the totals). Excluding new construction, City of Charlottesville has 184 homes on the market - highest is $2.75mil, lowest is $69k. Total is $78 mil.— Jim Duncan (@JimDuncan) May 26, 2015 Last year in the City of Charlottesville, 517 homes (condos + attached + single family) sold - the median price was about $262k Read More

Quick Market Update from the May 2015 Note

A quick snip from this month's note: The Market - Balanced? Overheated? - It depends on your market segment A friend from another market texted me the other day: How do you feel about the future housing market?  Does it look good or up in the air?  Just a short quick thought would be great. My response to him - Our market is mostly trending up. Certain segments are balanced while others, primarily the urban properties, are skyrocketing. Crazy low interest rates remain a positive for sellers, but create some inherent risk for Read More

Leave Now – Google

CrozetLibrarytoNationalGroundIntelligenceCenterNGICBouldersRoadCharlottesvilleVA-GoogleMaps.png

Did you know - Google has a “leave now” option that integrates traffic? Pretty handy, I’d say.When leaving downtown Crozet for the National Ground Intelligence Center up 29 North:But at rush hour, add about 5 minutes.
Without knowing, I’ll chalk this up to the Read More