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

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  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

Looking at Numbers in the Charlottesville Real Estate Market

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