Tag Archives: charlottesville real estate market
I’ve been wondering for a long time what the new normal in the Charlottesville* real estate market is going to look like over the next few years. Today’s is a post posing a question rather than positing an answer.
Prices aside, is this volume the “new normal” for the Charlottesville market?
What are the impacts on the market, the number of agents (answer: very little – the Charlottesville Area Realtor Association is poised to lose but a handful of Realtors next year, out of about 1,000, a relatively small percentage of whom are productive ), the number of productive Realtors, … Continue reading…
Have a look at this: These Are The 15 Housing Markets That Will Get Crushed The Hardest By 2012 .
Note that the traditional hotspots are there, and nowhere in Virginia is. And then there’s this – Charlottesville MSA home prices are predicted to rise in 2011. I’ll let you know in 2013 if they’re right. Continue reading
Looking at the real estate market data for the Charlottesville market – or any market in the US – is skewed by the homebuyer tax credit, which has been demonstrably proven to have pulled demand forward to the first quarter of 2010. … Now for some Second-Quarter context : First, the obvious – when looking at the historical market data for Charlottesville and Albemarle, as single family homes’ prices increased, buyers looked to attached homes and condos. … One way to look at the numbers above is to say that, last year we didn’t have the homebuyer tax credit; without it this year, the number of contracts written in Charlottesville and Albemarle would have been much lower. … Another way to look at it is that the buyers this year were going to buy anyway, and that the homebuyer tax credit was simply a bonus . Continue reading
I’ll be discussing the state of the Charlottesville real estate market this weekend on WNRN . The following are some of the stories I was (re)reading earlier this week to prep for the show.
… Vacant Homes for Sale in Charlottesville and Albemarle – June 2010
… http://www.housingwatch.com/2010/06/18/lenders-chase-borrowers-for-money-lost-in-foreclosures/ Continue reading
In case you were wondering, the Charlottesville area is still considered – technically as well as psychologically – a Buyer’s Market Charlottesville and Albemarle real estate market update – attached homes – 18 May 2010 (pdf) Charlottesville and Albemarle single family homes – real estate market update – 18 May 2010. (pdf) If you want to receive these updates regularly, spam-free , sign up here. Continue reading
April 2010 has felt like more listings have been coming on the market and more have been staying on the market than in previous years. But, feelings don’t necessarily matter so I’d rather look at the data. Looking purely at the data , a greater percentage of active listings in the Charlottesville MLS have gone under contract this year versus 2009. … Should you rush out and buy a home today because the tax credit is ending? Continue reading
A brief update on the Charlottesville, Albemarle and Charlottesville MSA real estate markets … for single family homes.
For much more real estate data and charts, click through to sign up for spam-free updates. As always, please let me know what questions, comments, insight you may have, either in the comments or via email – jim AT RealCentralVA DOT com.
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(everything prior to November 2009 is clearly inaccurate; the data needs seasoning)… Continue reading…
This is going to be a developing post as I read through Barry Merchant’s presentation from this morning. Barry Merchant’s VHDA presentation at Charlottesville Area Association of Realtors (PDF) Additionally,
Here is an advance copy of the Nest Report, what we believe to be the best, most “comprehensive and transparent analysis of the residential real estate market in Charlottesville, Albemarle and surrounding counties, prepared quarterly by Nest Realty Group.” Nest Report – Year End 2009, Predictions for 2010 (PDF) Comments, feedback and input welcomed. Continue reading