This month, I'm embracing fallibility. Bad things can happen when I don’t listen to the editors. In this case, that “bad thing” is confusion amongst readers. If you're interested in the Note, please subscribe here. Also note that were I to run the following numbers today, they would be slightly different as data tends to get input into the Charlottesville MLS days and sometimes weeks after closings Read More
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
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
- Total sales in the MSA are down just a bit. I suspect due to the extended cold and snow.
- Contracts written are up - way up. 24% in the Charlottesville MSA, 26% in Albemarle County, and 13% in the City of Charlottesville.
- If there was enough good inventory Read More