Category Archives: Friday
Buying a Home in Charlottesville – Looking in the Winter
Be patient, be smart, be informed … but if you find a house you love and you plan to stay for a while, why not consider buying? … And the doldrums are right around the corner: So where do we go from here? Schools in the Charlottesville area start around the third week of August … and we have about three months left before the annual doldrums set in. … Let me know and I’ll likely help in any way I can . Continue reading
Friday Chart – Housing Bubble versus Higher Education Bubble
Where are the College Bubble Blogs? Why is the same amount of vitriol not conveyed upon higher education institutions? The Higher Education Bubble: It’s About to Burst
…Found via TaxProf Blog , via Instapundit . Continue reading
Closings Down in July in Albemarle and Charlottesville
If the fact that home sales are down, relative to previous months and years, comes as a surprise to you, you probably haven’t been paying attention. … And part of that “is” is that last month in Charlottesville and Albemarle, 85 single family homes closed and 22 attached homes closed. … Attached Home Home Closings in July for the past ten years : 
Single Family Home Closings in July for the past ten years : 
Now, looking back of June and July for the past ten years … The Spike in 2009 seems to be new construction attached properties in Abington Place , Brookwood and the Pavilions at Pantops (more on new construction’s impact on MLS data in a later post). 
Single Family home closings in Charlottesville and Albemarle for the past ten years: 
Continue reading
Friday Charts – Median Price in Charlottesville MLS
Keep in mind that below we’re looking at the moving median price for the entire Charlottesville MLS – inclusive of the Charlottesville MSA (Charlottesville, Albemarle, Fluvanna, Greene, Nelson) as well as outlying areas such as Madison, Waynesboro, Rockbridge, etc. … But … it seems that the median price has been increasing after the expiration of the homebuyer tax credit . 
Looking at the moving median price for the past year … 
And for the past five years … I wish this chart allowed for more than five years, but stay tuned, we have some interesting things in the works at Nest . 
See all posts in the Friday Charts series . … Foreclosure charts courtesy of RealtyTrac : For Albemarle County: 
For the City of Charlottesville : 
For Palmyra in Fluvanna County , which includes Lake Monticello : (they have more foreclosures per capita than Charlottesville or Albemarle) 
Of course, God only knows what our government might do … all of our analysis would be for naught. Continue reading
Friday Chart – Who’s Donating Political Money in Albemarle and Charlottesville?
A slightly different Friday Chart , as election season is heating up. 
One of the questions I get from buyers moving to the area is, “What are the politics like around here?” … As of yet, political leaning is not yet a protected class, so I start with this analogy – The City of Charlottesville and the County of Albemarle are sort of like estranged parents who keep it together just enough so that the kids (in this case, residents) survive. … Luckily, we can do that – Find out who is giving how much and to whom at VPAP . … (I wonder how much good could be done with $2.3 million ) Top political donors in Albemarle County . Continue reading
June and July Contracts and Closings in Charlottesville and Albemarle (2010)
We’re still reeling from the effects of the homebuyer tax credit and relaxing in the traditional late-summer lull, but I think we may see a pickup this August and September. I also think we may be in the eye of the hurricane.
… the numbers don’t add up because three of the 192 were “proposed” – meaning new construction. They’re not supposed to count towards the numbers, but such are the vagaries of the MLS.
Continue reading
Friday Chart – Charlottesville MSA’s New Single Family Home Listings in April 2010
April 2010 has felt like more listings have been coming on the market and more have been staying on the market than in previous years. But, feelings don’t necessarily matter so I’d rather look at the data. Looking purely at the data , a greater percentage of active listings in the Charlottesville MLS have gone under contract this year versus 2009. … Should you rush out and buy a home today because the tax credit is ending? Continue reading
Friday Chart – Homes listed in April in Charlottesville MSA
Looking at the type of home listed in the first 15 days of April in the Charlottesville MSA* over the past few years … Of the 325 properties that have come on the market in the first 15 days, 13 are listed as being short sales. That’s ridiculously inaccurate (using anecdotal evidence). See all Friday Charts Continue reading
