Tag Archives: Charlottesville real estate attorney
I’m going to be running numbers next week – give some time for realtors to enter the closings in the Charlottesville MLS and for the delayed (there are so many*) closings to finally close.
This is just a primer for what is likely to be a long and comprehensive post next week.
Contracts written 5/1/11 – 6/28/11:
Single Family Homes in Charlottesville and Albemarle : 213
Attached homes in Charlottesville and Albemarle: 70
Condos in Charlottesville and Albemarle: 51
Contracts written 5/1/12 – 6/28/12:
Single Family Homes in Charlottesville and Albemarle : 255 (up 16%)
Attached homes in Charlottesville and Albemarle: 70
Condos in Charlottesville and Albemarle: 32 (down 37%)
Looking at the above data, a quick conclusion could be reached that more buyers are shifting towards purchasing single family homes as home prices have dropped. Next week, I’ll separate the City from the County, product mixes, and the rest of the Charlottesville MSA.
These numbers are likely representative, but not an entirely accurate picture of the Charlottesville real estate market because most closings tend to happen at the end of the month … come back next week.
Closed sales 5/1/11 – 6/28/11:
Single Family Homes in Charlottesville and Albemarle : 230
Attached homes in Charlottesville and Albemarle: 74
Condos in Charlottesville and Albemarle: 41
Closed sales 5/1/12 – 6/28/12:
Single Family Homes in Charlottesville and Albemarle : 229
Attached homes in Charlottesville and Albemarle: 60
Condos in Charlottesville and Albemarle: 36
It’s been a long time since I started writing about the Charlottesville real estate market. This site has become my pensieve; it is easier to google my site for information than it is to remember what I’m trying to say (and this site has links, too). What started as a little blog on a freeware mac blogging platform has become something somewhat bigger – I’d wager that this site is the most widely-read real estate blog in Charlottesville.
To those of you who have read and continue to read, send me tips and thoughts and to the buyers and sellers whom I have met and worked with over the years, I offer a simple and humble thank you.
While the format of this site has changed many times, the intent has not – to provide clear and transparent analysis about the Charlottesville real estate market devoid of spin, reflecting my thoughts and opinions about the local real estate market, local politics affecting real estate and other such matters. Sometimes I write about my phones. Sometimes about technology that makes marketing real estate better for me and for my clients.
Make no mistake – the number one thing that writing RealCentralVA has done is forced me and allowed me the path to become a better real estate professional. I know more, I read more, I’m aware of more, I’m aware of more that I don’t know, I understand the context of real estate in the local, state and national economies … by reading, writing and practicing real estate every day, I’m better positioned and prepared to do what I love – represent my clients as I guide them through life-altering decisions.
After the jump are a few stories of note; frankly, with over 3700 stories written since 4 January 2005, I briefly looked at the RealCentralVA archives and picked a few that interested me.
October 2010 marked the 4th straight month that our sales in the Charlottesville MSA were down. The 9 straight months of month-over-month sales increases is in danger of being completely wiped out. And sales in Oct 10 weren’t a little off as compared to Oct 09, they were WAY off. … After 2 straight months of being just a few sales short, October proved to be the second worst month in the last year (July sales were off a whopping 36%). Continue reading
After years of complaints, Charlottesville (Albemarle) is (probably) getting a movie theater with stadium seating. Following Waynesboro’s lead , Albemarle’s Planning Commission has narrowly approved plans for a new theater at the Hollymead Town Center . An aside to Charlottesville’s paid journalists: Which took longer to get approval – the theater in Waynesboro or Albemarle? Continue reading
The more I delve into and learn about the food system, local food, where our food comes from, the more convinced I become that real estate – my chosen path – is a huge component to the food system. … Albemarle loosens some key regulations : A pair of zoning amendments adopted Wednesday by the Albemarle County Board of Supervisors will make it easier for farms and wineries to sell their products. … Previously, Albemarle restricted the amount of people allowed to attend events held at wineries to no more than 150 people, and restricted such events to no more than 12 a year. UVA Planning Students audit area food systems : For each of the past five years, students in Tanya Denckla Cobb and Timothy Beatley’s class have examined different aspects of how this community obtains its food.
… There are at least nine Farmers’ Markets in Charlottesville and Albemarle: Charlottesville City Market ( CharlottesvilleCityMarket.com ) Charlottesville Holiday Market Crozet Farmers Market Earlysville Farmers Market Farmers in the Park Forest Lakes Farmers Market Scottsville Farmers Market The Market at Pen Park Whole Foods Farmers Market Continue reading
Looking at the first 77 Days of the past six years … Just in Albemarle County, these are the number of homes with asking prices over one million dollars that have gone under contract in the first 77 days: In Charlottesville and Albemarle County: All told, the “million dollar” plus category has been a relatively small segment of the Charlottesville area real estate market, and from a high-level view seems to be relatively stable. More analysis to come … See all Friday Charts Continue reading
Inspired by a conversation at Roost’s Facebook page , my answer to the question was: Schools Parks Internet Accessibility – the Charlottesville/Albemarle region does not have 100% coverage. … Proximity to work Who the neighbors are – are they at similar “life-stages” to you? Churches if that matters Proximity to grocery stores & coffee shops Are there bike lanes? Property taxes School budgets, school test scores, percentage of kids on free/reduced lunches Walkability These are just some of the factors that my buyer clients have recently brought up. Continue reading
In Charlottesville, we are still a small town and in my opinion, if something does come up at the closing table, which does happen occasionally, it’s better for the buyer to have an attorney who can provide legal representation and advice. … They do the paperwork and there are some in town that are very very good and I’ve used frequently, but I think that when a buyer is going to closing, they’re also buying the relationship that that attorney has with the other attorneys around town. … The arguments are (and I’ll link to this if you find this on RealCentralVA.com it will be linked at the bottom of the post) – one of my partners wrote a story about specifically whether the attorneys are in fact more expensive than the closing companies. … Here is the last thing I’ll say: I work for worst case scenarios in almost everything I do and try to find a happy medium and the worst case scenario is this and this happened last year: go to closing, at the closing table something goes wrong and you, the buyer, have a closing company, they can’t give legal advice . Continue reading