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)
Date Archives October 2010
Apparently 50 States Can Work Together
It’s a shame that it’s taken the mortgage mess to get them to work together . Top legal officers of all 50 states opened a joint investigation into home foreclosures, saying they will seek an immediate halt to any improper practices at banks and mortgage companies.
…Ken Cuccinelli (R) said of the investigation: “Obviously, this issue affects peoples’ homes as well as the economy This probe will be thorough, expeditious, and fair to both homeowners and lenders.” … Bluntly, no one knows how this will play out, and our market doesn’t need any more uncertainty.
Should Albemarle County sell Land?
This is an interesting conversation -Â Albemarle County, like virtually every locality in the nation, is facing ever-tighter budgets. They own about 91 acres that could be sold. Should they? Charlottesville Tomorrow has the story, the…
Bicycle Safety Discussion Next Week
To continue the momentum created by the Citizen’s Bike Safety Committee established by the City this year, the City of Charlottesville, in partnership with Bike Charlottesville, will hold a community discussion on Wednesday, October 20th beginning at 7pm at CitySpace in the Market Street Parking Garage downtown.
I’d also like to see discussions about bike helmets, like this one at the WSJ .
Wouldn’t it be nice if the County of Albemarle and the University of Virginia participated in the conversation as well? I do particularly like this helmet , though. 
Home Sales in Central Virginia aren’t Great
CAAR year-end market reports show Central Virginia’s median price for homes sold in 2009 was $245,000,$265,000 in 2008 and $277,000 in 2007. The local market reached its peak median sale price in the first quarter of 2006, according to CAAR reports, when the median home sale was $289,900.
I know that the above is the best available data to the media, but it’s really mostly irrelevant. The end of 2009 is long-gone, and “Central Virginia” is far too great to provide useful information for buyers or sellers, or interested people other than to provide exceptionally high-level trends.
Lots of homes in Charlottesville and Albemarle with Price Reductions
Check them out for yourself . The above is a search for homes that meets the following: – Charlottesville and Albemarle – Price reduction of at least 10% in the past 30 days. Make your own custom home search . It’s fun.
The Daily Show on the Foreclosure Crisis
Why is the Daily Show the only place on television that provides intelligent insight like this?
More on the Bill at OpenCongress . One of the best opinions I have seen on the foreclosure moratoriums . 