1 – Stabilizing real estate assessments – some are legitimately up, some are legitimately down; while they are irrelevant to market value – they do affect consumer sentiment & perspective.
2 – Unemployment has declined to a two year low (no longer available). (more)
3 – I am hearing this more and more from buyers with whom I am working:
“She is in no immediate rush but she is aware that this is probably the bottom of the market so would like to capitalize on that.”
4. Fiberlight . I just returned from FiberLight’s ribbon cutting ceremony at the Omni Hotel in Charlottesville, and I am very excited about what they are doing, what they plan to do and what this may mean for the Charlottesville region. More to come on how this will affect businesses, consumers and most importantly (to me at least), the Charlottesville real estate market.
Update 3 February 2011: Blue Ridge Internetworks (archived: 2015) reminds me that they have already run fiber to 50 buildings in Charlottesville (no longer available). Impressive.
I’m under no illusions that our market continues to struggle, and underemployment is a significant issue. As one of my clients said last night when introducing me to someone, “I’m honest and don’t blow smoke up … ” (thank you!) The Charlottesville MSA real estate market has a ways to go, but I’m cautiously optimistic, with a large dose of realism.
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I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
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