1st Quarter 2016 Nest Report – How’s the Market?

Download the Nest Report here, dig in, ask questions, and remember – this is a snapshot of the total market. Your market will vary, whether that’s a condo in the heart of downtown Charlottesville or the outskirts of town, single family home in North Downtown or a home on three acres in Earlysville, or a townhome near Wegmans or three blocks from the Downtown Mall.

Q1 2016 Charlottesville Market Report - Summary
Charlottesville MSA – 1st Quarter 2016 Market Snapshot

 

Have questions? Ask me anytime. 434-242-7140. jim@realcentralva.com

Quick update, 19 April 2016:

NBC29 was kind enough to do a story on our report, but, as TV news is so short, one important thing didn’t make the cut.

This report is a broad market report, covering the Charlottesville MSA and individual localities. Market vary widely within localities, school districts, by acreage, house type and age, and so many more variables.

Pay attention to your micro market.

Looking at the Charlottesville market, sales are down 5%. And?

  • What about condos in the $200K – $280K range? Is financing available?
  • Single family homes – are there differences between North Downtown and Belmont? Rugby? Woolen Mills? (yes.)
  • Attached homes – our report doesn’t break out newer townhomes (3 years or newer), new townhomes, or older ones … I’d likely not use a brand new townhome as a comp in a market analysis for a client if I was seeking to determine value for a townhome built in 1995.
  • And so on.

 

 

 

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