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Albemarle

Three Charts Depicting the Charlottesville Real Estate Market Entering December 2013

Curiosity stole an hour of my morning … I intended to update only the Crozet “When do homes come on the market” spreadsheet, got lost there for a bit and decided to look at the Charlottesville MSA numbers.

2012’s Charlottesville MSA sales trends – looking at when homes came on the market, when they went under contract and when they closed.

When do homes Come on the market in Charlottesville - 2012

And 2013

Well, this is interesting.

When do homes Come on the market in Charlottesville MSA - 2013

And the differential between 2013 and 2012.

When do homes Come on the market in Charlottesville - 2012 versus 2013 - differential

For the data junkies, here’s a quick look at the numbers for 2012 and 2013 –

Charlottesville Area Association of REALTORS® © 2013 LIST-IT.jpg

Charlottesville Area Association of REALTORS® © 2013 LIST-IT-1.jpg

Keep in mind that the above numbers do not include new construction “paper listings” – proposed new construction.

Here’s why:

– In the Charlottesville MLS for the MSA (Charlottesville, Albemarle, Fluvanna, Greene, Louisa, Nelson)

– There are 1879 homes on the market

– Of those, 363 are marked as “proposed” – meaning they don’t exist as of yet.

I’ll have more analysis this week, but I’m trying to wrap up and publish by tomorrow my monthly note.

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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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