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