Category Archives: Charlottesville
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.
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.
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.”
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.
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)
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.
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!)
It all started on Twitter and was, as I said at the time, ridiculously good fun at the Charlottesville Downtown Mudhouse.
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!)
Today was an interesting radio show - some real estate and more community, community building, and becoming part of the community. Iâ€™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? (Iâ€™d say community is something that helps answer a question about community quickly!)
A few stories we discussed:
- As Uber expands to Charlottesville, cab drivers speak out
- America is rapidly aging in a country built for the young
- The above led to this a particularly interesting part of the conversation in which we discussed exurbs, proximity to stuff, demographics of folks moving to the Charlottesville area, where theyâ€™re moving and more. These stories I wrote a few years ago are quite relevant - The Slums of Tomorrow Might be Here Today and Are People Really Moving to Cities? and Living Large, by Design, in the Middle of Nowhere and The Fear Factor in Americaâ€™s Growing Exurbs.
- Using Google to find your Triangles
- When buying a home, what do you want to live or not live next to/nearby?