Tag Archives: 22911
This is a useful Unemployment Map for Charlottesville and Albemarle – Click through to the Washington Post for the interactive version . I suspect that the region’s unemployment and underemployment rates are higher than indicated. For a real scare, click the “autoplay changes” button Continue reading
Left as a message via the message box on the right last night: I’m looking for a house, but can’t find what I’m looking for east of town in the right price range. When do you think the “season” will begin and we will see more of a variety of listings on the market? … What this doesn’t show is what percentage of these listings sold or what their prices were … that’s a story for another day. If you’re interested in more detailed market reports about the Charlottesville regional real estate market, you may be interested in these reports: Continue reading
Thank you to: CBS19 – Twitter NBC29 – Twitter If you’re looking for closings, the above two are probably the best places to go. Daily Progress – Twitter . The HooK – Twitter C-Ville cvillenews – Twitter VDOT – 511.org – Traffic cameras of interstates and other roads I assume WINA radio was on top of their game too, but I don’t listen to radio at home. Continue reading
With the release of the Virginia Association of Realtors’ Third Quarter Homes Sales Report, I thought it would be interesting to see how Charlottesville’s and Albemarle’s home sale data looked over the years.
For total homes sold in Charlottesville and Albemarle:
Single Family Homes Sold in September in Charlottesville and Albemarle:
For detailed Charlottesville Virginia real estate market reports, look no further:
Additionally, if you would like to help me vet some new market reports for the Charlottesville area, please let me know. The … Continue reading…
Employees of the Defense Intelligence Agency will begin moving in January to the military’s Joint-Use Intelligence Analysis Facility at Rivanna Station in Albemarle County, carrying more than 800 jobs with them from elsewhere, said Jim McIlmail, of the DIA.
McIlmail told members of the Charlottesville Regional Chamber of Commerce at the Charlottesville Business Expo luncheon that an additional 600 jobs could be created and filled by local residents.
“This is a real big deal for the DIA as much as it is for the community,” McIlmail said.
As with most everything when looking the Charlottesville area real estate market, look for the trends, rather than the specific data points. The Nest Report is coming shortly as is the market report I do every quarter.
Top-level numbers are misleading at best and deceptive at worst. I firmly believe that high-level analyses tend to influence buyer and seller psychology more than provide specific insight. Real estate is local, granular in some cases, and to get a real feel for the market, it is crucial to understand what happens in Northern Albemarle County (22911) may be very different than … Continue reading…
Yep. You can do that, too. Inspired by Trulia’s recent announcement of a similar feature on Trulia . Continue reading
A balanced market should have a DOM of approximately 90, but we have not been in that range since 2006. 1st Quarter Average Days on Market County 2005 2006 2007 2008 2009 Albemarle 64 70 116 135 113 Charlottesville 72 62 75 141 167 Fluvanna 70 79 108 135 127 Greene 67 76 99 90 92 Louisa 114 119 158 110 70 Nelson 73 83 118 152 164 Orange 89 83 95 125 163 Area Average 75 80 107 132 134 Central Valley 126 143 144 *includes sales outside the counties listed **numbers courtesy of the Greater Augusta MLS New Construction Still Slow It is important to note that many “new” homes are not included in CAAR MLS statistics. … As expected, the average costs per square foot have decreased in every area covered in this report. 2005 2006 2007 2008 2009 1st Quarter Price Per Square Foot County 2005 2006 2007 2008 2009 Albemarle 155 173 174 176 155 Charlottesville 172 186 186 193 159 Fluvanna 121 141 135 137 122 Greene 133 148 157 147 134 Louisa 122 146 142 153 114 Nelson 193 232 206 197 176 Orange 133 175 195 129 110 Area Average 150 169 166 163 140 Central Valley 131 121 117 *includes sales outside the counties listed **based on CAAR MLS data Condos and Townhomes The sale of attached homes is only reported in Charlottesville and Albemarle because very few properties in this category are located in other counties, except Nelson. Continue reading