Quick Real Estate Market Snapshot – What’s Happening Right Now

I’m working on some more charts and data to put the recent CAAR Market Report into the appropriate context. Writing a story/analysis that will speak to the broadest section of the Charlottesville real estate market is a nearly-impossible task as every buyer and seller has different situations, goals and life circumstances. When I consult with clients and potential clients, I provide more than financial and real estate guidance, but I try to offer life guidance as well, laying out different scenarios that they may not have considered.

Each property provides different opportunities and challenges.

Date range: Comparing 1 March 2010 – 11 April 2010 and 1 March 2011 – 11 April 2011

Single family homes:

– far fewer homes have come on the market (163)

– 11 fewer homes have gone under contract

– 9 fewer have sold

Single Family Homes in Charlottesville MSA - 2011 vs 2010

Attached homes:

– 9 fewer have come on the market

– 24 fewer have gone under contract

– 6 more have sold in this timeframe

Attached Homes in Charlottesville MSA - 2011 vs 2010

Condos:

– 1/3 fewer have come on the market

– 8 fewer have gone under contract

– 8 fewer have sold

Condos in Charlottesville MSA - 2011 vs 2010


 

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