Seeking a Stable, Consistent Volume of Real Estate Transactions in Charlottesville

Part One of at least Two …

I look at too much data. I admit it. In this post, I’m posing just a question – when looking at the past ten years of real estate data** in the Charlottesville, Virginia area, what is a “normal” level of real estate transactions and is there a correlation between transactions and population growth? And how can my buyer and seller clients (and readers) apply this knowledge?

My hypothesis is that once we achieve a stable, consistent volume of real estate transactions – equilibrium if you will – we’ll be able to definitively say that we reached “bottom” or “stagnation” and start to consider such things as “appreciation of real estate values.”

Normalcy:

The State or fact of being normal.

Normal:

2 b : conforming to a type, standard, or regular pattern

“Normal” number of real estate transactions year over year? Stable locations of where people buy?*

Now we look at the number of single family home transactions in the Charlottesville MSA: (I know this screws up the formatting in my blog, but I would rather post a big, useful chart and sacrifice the formatting.

Charlottesville Real Estate Stats - Single Family Homes

Now we look at the number of attached home transactions in the Charlottesville MSA:

Charlottesville Real Estate Stats - Attached Homes

Note that Greene County’s attached home inventory doesn’t even register; that is likely to change.


* Human Settlement patterns are changing.

Mapping Virginia’s Human Settlement Patterns

Mapping America: Every City, Every Block,” breaks down the nation into Census tracts and displays the population with a dot for every 1,000 people in the map scale seen to the left. (As a cool aside, the dots are color coded by race, making it possible to get a sense of how segregated or integrated different communities are.)

Human Settlement Patterns: The Fringes Unravel

Functional human settlement patterns

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4 Comments

  1. gmanvbva June 14, 2011 at 20:38

    Your 2nd and 3rd spreadsheets/charts are not public (access denied).

    Reply
    1. Jim Duncan June 14, 2011 at 21:03

      Fixed. Publishing Google Apps spreadsheets and charts is more challenging than one might think.

      Reply
      1. gmanvbva June 15, 2011 at 15:47

         Thank you for the quick fix! And the regional information.

        Reply
  2. Pingback: When Do Homes Come on the Market in Crozet? - RealCrozetVA — RealCrozetVA

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