Charlottesville's Real Estate Blog. Buyer &/or Seller Representation, Real Estate News
While Greg and I don’t agree on a lot of things (I think the National Association of Realtors may be worth saving, he holds a special vitriol for them), one thing we share is a passion for having buyers pay their buyer representatives.
…It’s a novel concept: rather than have the buyer’s agent (and buyer) obligated to be paid whatever the seller may be offering, in the divorced commission model the buyer pays the buyer’s agent.
There are currently 381 homes under contract in Central Virginia: 41 have been on the market for at least 365 days, 102 have been on the market for at least 180 days and 163 have been on the market for at least 90 days but – 175 have days on market of at least 60 days 129 have days on market of under 30 days About 46% of homes currently under contract have days on market of under 60 days.
… Breakdown by locality – Days on market are up, year over year, average sales prices are up and median prices are about the same as 2007. 2008 
2007 
2006 
2005 
2004 
Agent Update: Through 3rd Quarter 2008 : 80 had more than ten sides, 223 had more than five sides, 654 had at least one, leaving about 450 with zero transactions Through 3rd Quarter 2007 : 121 had more than ten sides, 297 had more than five sides, 740 had at least one, leaving several hundred (which is historically normal) with zero transactions Through 3rd Quarter 2006 : 166 had more than ten sides, 338 had more than five sides, 792 had at least one, leaving several hundred (which is historically normal) with zero transactions Through 3rd Quarter 2005 : 182 had more than ten sides, 368 had more than five sides, 723 had at least one, leaving several hundred Realtors (which is historically normal) with zero transactions Through 3rd Quarter 2004 : 180 had more than ten sides, 334 had more than five sides, 654 had at least one, leaving several hundred (again, which is historically normal) with zero transactions For context, see the Second Quarter 2008 market report and all market statistics posts here.
The Treasury Department is putting the finishing touches to a plan designed to shore up Fannie Mae and Freddie Mac, according to people familiar with the matter, a move that would essentially result in a government takeover of the mortgage giants. … Seriously – why does this have to happen (on a weekend, no less)?
With ceilings placed higher than the storage space maximum, the basements become a new floor on the buildings that could be occupied for future offices, thus requiring Wood to build 200 additional parking spaces , or seek a waiver from that standard. … Because we have heard storage is actually laboratory space as well, so we are trying to get a better handle on what the real use of this space is,†said Graham.
First, a 24-hour Fitness , Harris Teeter is under construction … Crozet is well on its way to becoming self-sufficient and not solely dependent on commuting to Charlottesville or Waynesboro.
After five-plus hours of looking at data, crunching numbers, and thanking Google Docs, the Charlottesville area market report is finished and will be published on Monday. If you want an early look at the comprehensive report, please contact me .
Well, their new blog does at least .