Correcting Data from the May Note. Darn it.

Monthly-Note-Data

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

Nearly a Billion Dollars of Real Estate on the Market in Charlottesville & Albemarle

Jim Duncan on Twitter_ _Excluding new construction, Albemarle County has 753 homes on the market - highest is $14mil, lowest is $42k. Total is $643 mil._

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

Quick Market Update from the May 2015 Note

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

1st Quarter 2015 Nest Report

Q12015CharlottesvilleMarketReport_FINAL.pdfpage2of14.jpg

  Nest’s 1st Quarter Market Report is out; download it here. A few highlights -

  • 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