Category Archives: Charlottesville

2014’s 3rd Quarter Market Report – Answering “How’s the Market”?

Download the 2014 Q3 Charlottesville Market Nest Report.


The #1 Question buyers and sellers ask - whether in the conference room, the coffee shop, beers or dinner, is "how's the market?" The underlying question tends to be a variation of, "can I sell?" or "should I sell" or "can I buy a home" or "should I buy a home"?

Update: NBC29 had a nice report last night and I've immensely glad they used what I've been saying for years -

“Get advice on what this report means to them because the report gives them good guidance but every market truly is extremely localized. The Charlottesville and Albemarle areas can vary neighborhood by neighborhood, street by street,” Duncan said.

For example -

I was pulling some data this afternoon on condos in the City of Charlottesville. Comparing 3rd Quarter 2014 with the 3rd Quarter 2013, condo prices in the City were up about 15%. But. Looking at the data a bit more granularly:

In 3rd Quarter 2013, 32 condos sold in the City versus 22 in the 3rd Quarter 2014 ... and one sold in this 3rd quarter for $1.1 million, with the next highest sold price being $485k. Compare that with the 3rd Q 2013 where the highest sold price was $450k.

The data matters, but the context - and relevance to your particular situation - matters more.

 

The below reports will provide some top-level insight, but be cautioned ... top level analyses provide just that - insight into what others are able (or unable) to accomplish.

More digging to be done, but for now here is CAAR's 3rd Quarter Market report.

The Nest Report will be released a bit later today has just been released - Download the 2014 Q3 Charlottesville Market Nest Report.

2014 Q3 Charlottesville Market Report

Posted in Albemarle, Charlottesville, Market statistics | Tagged , , , | 2 Comments

More Houses Coming Near Mill Creek

I'd call this, generally, good density - in the urban ring, less than 10 minutes (east/south east) to the Downtown Mall, good access to schools and 64, close to stuff (including the coming Wegmans), and (hopefully) meeting the needs of the marketplace. If the end result looks close to the rendering ... (and if there are sidewalks and crosswalks).

More infill neighborhoods, so long as the accompanying infrastructure improvements, are examples of relatively good growth.

Charlottesville Tomorrow reports:

The Albemarle Board of Supervisors has approved construction of as many as 100 new homes between Avon Street Extended and Route 20 in the county’s southern urban area.

 

...

“We live in a county that increases population by about 2,000 people per year,” Cetta said at the board’s meeting earlier this week. “There has been very little change here as opposed to most places in the country that would be filled with subdivisions by now. We want density in these spots, and the county is looking terrific as a result of that.”

 
Posted in Albemarle, Charlottesville, Growth, Transportation | Leave a comment

October’s Note: Perspective, Oddities & Inspections

October's monthly note - realcentralva

 

The subscription-only monthly note from Jim Duncan/RealCentralVA - this month, the Charlottesville real estate market, perspective & thoughts on home inspections and the always-popular roundup of the previous month's best blog posts from RealCentralVA and RealCrozetVA.

Two clicks here and you'll have the note next week when it's published.

One change that I've made recently: I'm publishing the archives a few months after they're published. If you're curious, you can read 2013's notes, and I think I'm going to publish them all here on RealCentralVA in December. (me? I tend to print them to edit them)

Posted in Albemarle, Charlottesville, General Real Estate, Monthly Notes | Leave a comment

One of the Best Things about Living in Charlottesville

Taken on this morning's bicycle ride on Garth Road. Taken on this morning's bicycle ride on Garth Road.

One of the best things about living in Charlottesville is, quite simply, this time of year. The weather - the crisp temperatures, clean air, blue skies - and the changing of the leaves makes this truly a great time to live in Charlottesville.

But living in Charlottesville is one thing - making/taking the time to appreciate where we live is another.

Posted in Albemarle, Charlottesville | Tagged , , | Leave a comment

C’Ville Pie Fest 2014 – 28 September

I love this about Charlottesville.

C'Ville Pie Fest is Back! It's this Sunday at the Crozet Mudhouse, supports the Crozet Volunteer Fire Department, and pie entries are needed (there are some hungry judges!)

mmmmm … Pie.

It all started on Twitter and was, as I said at the time, ridiculously good fun at the Charlottesville Downtown Mudhouse.

And we had pie later in 2009 at Crozet Mudhouse, and it benefited PACEM.

And Pie was had in 2010.

And more pie in 2011, benefiting the Haven.

And the judges:

- Head Judge Brian Geiger
- Wendy Novicoff
- Sean McCord
- Rebecca Cooper
- Josh Harvey (Albemarle Baking Company baker)
- Nathan Moore of WTJU
- Gary Dillon of the Crozet Firefighters
- Jim Duncan (that's me!)
Posted in Albemarle, Charlottesville | Tagged , , , , , | Leave a comment

Charlottesville’s Changing West Main

A bit more fun with Hyperlapse. I'm sure I'll tire of these very soon, but for now, I think this is a neat way to show how one of the City of Charlottesville's main corridors has recently changed.

Posted in Charlottesville | Tagged , , , | Leave a comment

Radio Recap from WNRN 7 September 2014

Today was an interesting radio show - some real estate and more community, community building, and becoming part of the community. I’m going to update this post with detailed show notes, but in the meantime, the podcast is here.

Enormous thanks to those who responded so quickly on twitter to my question - how do you assess/define community? (I’d say community is something that helps answer a question about community quickly!)

A few stories we discussed:

Pipeline stories:

Posted in Charlottesville, General Real Estate, Shameless Self Promotion | Tagged | 1 Comment

New Bike Lane on South Street

The City of Charlottesville has been making some nice improvements of late. This one on South Street (just off the Downtown Mall) is mighty nice. Bike lane on South Street in Downtown Charlottesville Bike lane on South Street in Downtown Charlottesville[/caption] Now ... for cyclists and drivers to each respect the laws ...
Posted in Charlottesville, Transportation | Tagged , , | 2 Comments