How Fast Are Homes Selling in Charlottesville? in November 2021

in Market statistics on
Watching this week's Altos market update video made me curious.* How many homes in Charlottesville + Albemarle are going under contract immediately, as in, in 1 day or less? So I ran the numbers, because just a top-level look doesn't tell the story. In Charlottesville & Albemarle: — 2,232 not-new construction contracts were written between January 1 2021 and November 14 2021 - 129 had...

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Zillow Out of iBuying – This Means little to Charlottesville Real Estate Consumers

in General Real Estate on
Forest and trees
Zillow are out the home buying business, while their current Zestimates are often more accurate than ever. Sometimes, the Zestimates are completely wrong. Right now, the human algorithm is more accurate than Zestimates. But for how long? Good for them for trying, failing relatively quickly, and recognizing that failure and cutting their losses quickly. I feel terrible for the 25% of their workforce getting laid...

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October 2021 Note | A different market update, Kids Work, & a Wedding

in Monthly Notes archives on
Archives of my subscription-only monthly notes. This is for October 2021. Interested in not waiting a few days to read it, and want it straight to your email? Subscribe here.   For the re-posts here on the blog, I don’t do much formatting/changing as I’m more concerned about simply having the content here forever (because I own the blog, and I don’t own Substack. If you're...

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Charlottesville Real Estate Market Update – 3rd Quarter 2021

in Market statistics on

The story remains much the same as it has for the past 15 to 18 months: buyer demand across most market segments remains high, and inventory, while rising, remains low. The new report from the Virginia Association of Realtors is pretty good, and it’s linked here.

Being the broken record that I am, your micro-market will differ from the data presented in this report.

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September 2021 Note | Introspective Sneaky Psychology, and a Map

in Monthly Notes archives on
Archives of my subscription-only monthly notes. This is for September 2021. Interested in not waiting a few weeks to read it, and want it straight to your email? Subscribe here.   For the re-posts here on the blog, I don’t do much formatting/changing as I’m more concerned about simply having the content here forever (because I own the blog, and I don’t own Substack. If you're...

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