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
Some segments are moving, some are slowing, some are stagnant in the Charlottesville area real estate market. Start with this caveat - these are broad numbers that should be taken broadly. I'm going to write about this in more depth in this month's note. Looking at: - Charlottesville + Albemarle - Single family, attached, condos - Not specifically looking at new construction data, as these contracts are not necessarily entered - 1 January - 24 March, 2014 vs 2015
- In the Read More
A lot of homes in the Charlottesville area are going under contract quickly. A lot aren't. Your market will vary. Read More