Tag Archives: Market
Charlottesville Area Association of Realtors’ Market Report
Charlottesville Area Association of Realtors’ Report for 2010 (PDF) Browse the whole thing. Continue reading
Charlottesville Real Estate Market Update – October 2010
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
Home Sales Trends in Virginia – From Virginia Association of Realtors
Albemarle, Augusta, Bath, Buena Vista City, Charlottesville City, Fluvanna, Greene, Harrisonburg City, Highland, Lexington City, Nelson, Rockbridge, Rockingham,Staunton City,Waynesboro City
This is the moving median average price for homes in the Charlottesville MLS for the past four years. 
– So for all intents and purposes, the report is somewhat irrelevant as it speaks to such a broad region. – Because Virginia is a non-judicial state, we most likely won’t be affected by the robo-signing issues. – Analysis of past two recessions compared to this one. This recessions’ recovery is stronger than 1991 and 2001, doesn’t feel like it due to in part to consumer confidence . – Three consecutive months of positive job growth in the state.
… Virginia Association of Realtors 3rd Quarter 2010 Home sales press release (PDF) and I’ll post the podcast when it’s up. Sales and Inventory for homes in Charlottesville MSA (PDF) — Check out the new graphs at the bottom . Continue reading
Charlottesville Area Real Estate Market Report – Third Quarter 2010
Just release by the Charlottesville Area Association of Realtors, the Third Quarter Real Estate Market Report provides a reasonable high-level overview of where we are. … Realistically, this report likely doesn’t speak to you if you are actively considering buying or selling in the Charlottesville area right now. For that level of analysis, it is important to look at the area, the county, the neighborhood, the street, house type, etc. But in the meantime, enjoy: Third Quarter Real Estate Market Report (pdf) Continue reading
Closings Down in July in Albemarle and Charlottesville
If the fact that home sales are down, relative to previous months and years, comes as a surprise to you, you probably haven’t been paying attention. … And part of that “is” is that last month in Charlottesville and Albemarle, 85 single family homes closed and 22 attached homes closed. … Attached Home Home Closings in July for the past ten years : 
Single Family Home Closings in July for the past ten years : 
Now, looking back of June and July for the past ten years … The Spike in 2009 seems to be new construction attached properties in Abington Place , Brookwood and the Pavilions at Pantops (more on new construction’s impact on MLS data in a later post). 
Single Family home closings in Charlottesville and Albemarle for the past ten years: 
Continue reading
Friday Charts – Median Price in Charlottesville MLS
Keep in mind that below we’re looking at the moving median price for the entire Charlottesville MLS – inclusive of the Charlottesville MSA (Charlottesville, Albemarle, Fluvanna, Greene, Nelson) as well as outlying areas such as Madison, Waynesboro, Rockbridge, etc. … But … it seems that the median price has been increasing after the expiration of the homebuyer tax credit . 
Looking at the moving median price for the past year … 
And for the past five years … I wish this chart allowed for more than five years, but stay tuned, we have some interesting things in the works at Nest . 
See all posts in the Friday Charts series . … Foreclosure charts courtesy of RealtyTrac : For Albemarle County: 
For the City of Charlottesville : 
For Palmyra in Fluvanna County , which includes Lake Monticello : (they have more foreclosures per capita than Charlottesville or Albemarle) 
Of course, God only knows what our government might do … all of our analysis would be for naught. Continue reading
Charlottesville Area Year-End Market Report
I’m still in New York for the Inman Connect conference, but wanted to post the Charlottesville Area Association’s year-end real estate market report. More analysis to come, as well as the forthcoming Nest Report. Charlottesville Area Association of Realtors Market Report 2009 Continue reading
Possibly Completely Unfounded Market Analysis
Ergo – is it reasonable to conclude that a house that has been on the market in Albemarle County (I’m not looking at any other market) for at least one year should now be “worth” at least 15% less than its original asking price? Looking at three randomly selected sold properties in Albemarle County in that price range in the past three months, the list-to sell percentage was a bit more stark – 85%, 75%,74% – sold for less than the original asking price. Continue reading
