Tag Archives: real estate market
Blog Wayback – You’re Going about It all Wrong – Or How to Search for Homes in Charlottesville (Without a Realtor)
Look at picture to see how different the home looked a few years back (pics usually taken in 2002 or 2003). ( ed note: this leads to a separate rant about Realtors stripping the MLS of photos of their listings when the listing expires/sells – this kills the accuracy and historical context of the MLS )e. … For example: Grove St. plus Charlottesville clued me into the Grove Square development (which I was unaware of because I’m new to C’ville). (ed note: don’t forget to visit Charlottesville Tomorrow for the most in-depth reporting on growth, development and politics in Charlottesville/Albemarle) 5. Continue reading
What is RealCentralVA?
Thanks to Marijean and WCAV for the profile during their Blog of the Week segment.
Know this – some of the most informative, educational and entertaining contributions to this blog are provided by the commenters, and for each and every one of them, I am grateful and humbled that they choose to spend time here.
RealCentralVA is a real estate blog in Charlottesville that tracks the Charlottesville and Central Virginia real estate market … but there’s more than that. Since I founded this site in January 2005, I intended it to be an information resource for candid, honest opinion … Continue reading…
Tune in – WINA Today
I’ll be on Coy Barefoot’s Charlottesville – Right Now! today on WINA a little bit after four discussing the state of the Charlottesville real estate market, what’s selling (and what’s not), what sellers absolutely have to do before putting their houses on the market, possibly the Charlottesville Tweetup today, maybe the coming Charlottesville OpenSpace, and anything else that comes to mind.
What do you want to talk about? Give us a call at 434-977-1070.
I will update this post after the show with notes from our discussion, any links we discussed, and hopefully the podcast.
Update 16 April … Continue reading…
First Quarter Market Report for Charlottesville and Albemarle
Days on Market : Of the 1927 residential properties on the market in Central Virginia: – 584 have continuous days on market (CDOM) of less than 30 days. – 890 have CDOM of less than 60 – 1126 have CDOM of less than 90 – 1143 have CDOM of at least 180 days – 458 have CDOM of at least 365 days – 78 have CDOM of at least 730 days (I’m posting this just because I was curious, so I thought you might be, too) Answering Joe’s question from my request for “what do you want to know ” (thanks to the CAAR report):- 
Regarding price reductions – I’m working on a way to display the sold data, but in the meantime, know this – properties that have significant (meaning at least 10%) seem to be going to contract fairly quickly.
… In Cville all categories: 1st QTR 2008 145 Contracts (54% under $300k) 1st QTR 2009 87 Contracts (71% under $300k) In ALB/CVILLE/FLU/GRN 1st QTR 2008 554 Contracts (54% under $300k) 1st QTR 2009 452 Contracts (71% under $300k) I’m no rocket scientist but I think this means when we come back and look at the CAAR report again end of 2nd QTR, median prices are going to move some more.
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What Do You Want to Know?
) Looking at the baseline in January for Charlottesville and Albemarle , we will hopefully be able to get a feel for what the Charlottesville real estate market is doing.
Anecdotally, there are a lot of buyers in the market, but a lot of sellers are looking at being under water … we’re not yet out of the woods. Continue reading
What Do I Gain from Watching Incoming Visitors to My Blog?
I see little nuggets like this – someone from Houston searched Google for – want to move to Charlottesville – and it seems that I have some work to do if I want to come up further on the first page of Google. If you want to move to Charlottesville, what are the questions you’d like to have answered? Continue reading
Tune In To WINA Today at 4:15
today from four fifteen to five o’clock pm – please feel free to let me know in advance if there are any topics or questions you would like us to discuss or call in – 434-977-1070.
…Since 2006 there have been more than 1.5 million layoffs from home builders – that’s more than 3x the total number of UAW members (and that 1.5 million figure doesn’t include suppliers). Continue reading
Shadow Inventory – What Will Its Impact Be on The Charlottesville Real Estate Market
My definition of Shadow Inventory, specific to the Charlottesville market – Homes that are still for sale but have been withdrawn from the market for any number of reasons – to make the home appear less “stale,” to take a break for the holidays, or most likely – because the seller was unable to sell the home and was able to rent it, even though that rent may or may not pay the monthly mortgage … … I’m working on finding how many housing units we have in the Charlottesville area … as I noted earlier this year , Albemarle County and the City of Charlottesville had .03% and .02% respectively of housing inventory as being in foreclosure … if that were to triple (and I suspect this might be likely), we’d have a real shadow inventory issue to deal with.
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