Asking Price – $345,000
Selling Price – $345,000
Days on Market – 119
Asking Price – $399,000
Selling Price – $399,000
Days on Market – 13
Initial Asking Price – $366,000
Current Selling Price – $299,999
Days on Market – 76
Now in a short sale
It’s a very interesting house. If you’re interested, ask me. 🙂
Hey Jim Duncan with Nest Realty and www.RealCentralVA.com here reflecting on this past week of showing houses in Charlottesville.
There is one property in particular that really struck me as being a highlight of what happened in the Charlottesville real estate market during the boom years and note it’s in Crozet, which is 12 or 13 miles West of Charlottesville which I assume 30 or 40 years ago was not part of the Charlottesville real estate market. I might be wrong but here’s the thing: it is a newer home built about seven years ago and I pulled the property history on it and in ’05 it sold for like $339,000 or $359,000.
In ’07, 24 or 25 months later just to avoid those capital gains, in ’07 it sold for $399,000. It came on the market last year at $366,000 and now it’s in a short sale for $300,000. So think about that. In five years it appreciated and depreciated give or take $100,000 either way, highlighted this by the fact that the neighbors house is on the market unrepresented (so it’s not really on the market) for $350,000. Food for thought.
Hope you’re all having a great day. Jim Duncan, www.RealCentralVA.com (434) 242-7140.