Category Archives: Charlottesville
Curiosity stole an hour of my morning … I intended to update only the Crozet “When do homes come on the market” spreadsheet, got lost there for a bit and decided to look at the Charlottesville MSA numbers.
2012’s Charlottesville MSA sales trends – looking at when homes came on the market, when they went under contract and when they closed.
Well, this is interesting.
And the differential between 2013 and 2012.
Data is fun. Big data is more fun.
I know this – I was surprised both at the most “super” zip in the Charlottesville area as well as the purported median income in the City of Charlottesville.
What do you think?
Part 2 of 2. Part 1 is here.
Continuing the “what is usual and customary” question and answer series …
What’s “normal” in the Charlottesville real estate market? It’s a question that’s asked of me by buyers coming from other markets (agents, too) and sellers who haven’t sold a house before (or for many years). Note: what you see on HGTV is not what is “usual and customary” in the Charlottesville market. (or any market on Planet Earth).
“Usual and customary” is always changing. Radon inspections weren’t usual and customary a couple years ago; now they are. Heck, buyer agency wasn’t usual and customary 15 years ago.
Q: — Who attends the home inspection? Appraisal? Termite/Radon inspections?
A: A buyer’s agent attends all of these, with the home inspection being far more important for them to be onsite than for the termite or radon inspections. Meeting the appraiser can be tricky – sometimes if the appraiser has a lockbox key and MLS access, we never get the call to schedule. I try to meet all appraisers onsite, as I like to pick their brains about what they’re seeing in the market as they see the market through a different lens than I do.
Q: Recording and possession. Is recording done the same day as closing? Are keys transferred when closing docs are signed or when transaction is recorded?
A: Usually recording and possession happens on the same day, although I advise my buyers to not have a moving truck on the front lawn the afternoon of closing … I’ve had this happen, something went wrong and many tears were shed, curse words flew, phone calls made and a few nights in a hotel for the buyer highlighted why I advise what I do. Frequently the keys are given to the buyer at closing, with strict instructions to not enter the property until recordation has occurred.
The number of food trucks in Charlottesville seems to be growing every day. When last I wrote about them in 2011, there weren’t quite so many. Now, there are way more. I see them all over Charlottesville and frequently at Starr Hill in Crozet, but I tend to either not have the time to stop or I see the food trucks before or after they’re serving. But they intrigue me.
Life would be easier if all of the food trucks in Charlottesville had twitter accounts (here’s a list of the ones I found who are on Twitter) – better yet, if they’d update their twitter accounts and if someone would do a food trucks map …
After the break is a non-comprehensive list of the food trucks in the Charlottesville area, plus a Storify that led to the list. If I’m missing one, please let me know.
What do you think? Have a favorite?
Interesting, two Charlottesville places are trying to raise money on Kickstarter for their food truck offerings – Blue Ridge Pizza and The Flat Creperie – both of which offer delicious food. (I pledged a little bit to each as well) Continue reading
Part 1 of 2.
What’s “normal” in your market may not be (and probably isn’t) normal in the Charlottesville real estate market.
So what’s “normal” in the Charlottesville real estate market? It’s a question that’s asked of me by buyers coming from other markets (agents, too) and sellers who haven’t sold a house before (or for many years). Note: what you see on HGTV is not what is “usual and customary” in the Charlottesville market. (or any market on Planet Earth).
“Usual and customary” is always changing. Radon inspections weren’t “usual and customary” a couple years ago; now they are. Heck, buyer agency wasn’t usual and customary 15 years ago.
Tina, a colleague in the Nest Blacksburg office, asked a few questions and naturally I felt the answers would be well-served to be posted here, particularly for buyers moving to the Charlottesville area and for sellers who may be moving to other market and not have relevant experience selling a home in our market. Answers are mine.
Q: Do agents use a standard contract? If so, is it the VAR (Virginia Association of Realtors) contract, one provided by your Realtor Association, or a combination of both?
A: Most Realtors in the Charlottesville area use the VAR contract for almost all of our forms, including home inspection, radon etc. We tend to craft specific addenda as needed.
West Main Street’s evolution continues. A third student housing complex may be coming. You know what would be a great addition to West Main if they’re planning to bring over 1000 bedrooms to that area in the next 12 months? Innovative bike lanes.
For some background, I wrote abut West Main’s evolution in October of last year and September of this year.
Charlottesville is getting denser. Let’s hope infrastructure is part of the planning – and implementation – of said density.
Walkability, in addition to generally having a positive effect on housing values, seems to lead to happier people as well.
If you haven’t seen Nextdraft, you should.
Are you trying to be more happy? If so, you might want to consider getting out of your car. According to Charles Montgomery, author of Happy City, we tend to be happier in places where we take to the streets and interact with each other. “As much as we complain about other people, there is nothing worse for mental health than a social desert. The more connected we are to family and community, the less likely we are to experience heart attacks, strokes, cancer and depression. Connected people sleep better at night. They live longer. They consistently report being happier.” Here are the secrets of the world’s happiest cities.
Food for thought. Continue reading
The Albemarle County elections last night brought about a resounding change on the Albemarle County Supervisors. Gone are Rodney Thomas and Duane Snow; in are Brad Sheffield and Liz Palmer. For what it’s worth, the Democrats won and the Republicans lost.
Looking at the races through the lens of VPAP data, I saw this in a Facebook conversation:
So which Supervisors are beholden to real estate development groups? Here are some of the top donations by industry… Notice a pattern?
Duane Snow, $17,800 Real Estate/Construction
Liz Palmer, $26,043 Miscellaneous
Rodney Thomas, $12,300 Real Estate/Construction
Brad Sheffield, $17,386 Miscellaneous
It’s hard to argue with money. Seemingly more than the ballot box, money matters.
Local elections matter. The localities vote on growth management strategies, property tax rates, the ways in which the emergency services operate and cooperate (or not) and notably transportation and infrastructure improvements. And yesterday, about 13,000 people in Albemarle County helped decide the near (and long) term future of Albemarle County.
Palmer, Sheffield and McKeel ran campaigns hinged on the county’s growing transportation problems and angst over the Western Bypass of U.S. 29.
Whether the Western Bypass gets built will be an interesting (continued) debate. Will they build it? Will they shut it down? Will they study it more? Will they extend it so it’s a more logical and functional road?
The County needs infrastructure improvements … let’s see how the new Board chooses to take up that task.