https://twitter.com/JimDuncan/status/918477160775548928
Download the 3rd Quarter Nest Realty Market Report here, then ask questions.
Short takeaways
- Across the Charlottesville area market, quality inventory is low.
- Prices are mostly up
- New construction is doing exceptionally well (nearly 25% of the market), in the face of skyrocketing supply costs (archived: 2023), and labor shortages (archived: 2023).
- If you’re thinking about buying or selling in Spring 2018, best start preparations now. (I can help).
- Sales and contract volumes in some market segments are up markedly (Albemarle County townhomes’ sales are up nearly 55%).
- Every. SubMarket. is Different.
- I talked to someone recently about a foreclosure.
- Talked to someone else about a short sale.
- And another who bought in 2005 who’s just now having a conversation about profit.
- And yet another who bought in the past 18 months who could likely sell for 10% more than they paid.
- The City + The Urban Ring of Albemarle County comprise significant pieces of our market.
Throwing some context into the Twittersphere
https://twitter.com/JimDuncan/status/918476589280657408
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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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