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

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

April 2015 Monthly Note

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I’m planning to dig into the data a bit more than usual as we’ve just ended the first quarter of 2015 and there have been some interesting new trends and surprises. As the outline is developing, I’m sorting what to cut and what to write about here on RealCentralVA; I’m aiming to cover 3-4 topics this month.

  • The Charlottesville real estate market - 1st Quarter
      • Perhaps an in-person happy hour to discuss the market. Interested?
  • Dual Agency (recognition by clients about Nest’s Read More