Prices Up, Sales Up & Down, Velocity (mostly) Continues in 3rd Quarter 2017

 


 

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, and labor shortages.
  • 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.

Looking at home sales from the center of the City of Charlottesville
Looking at home sales from the center of the City of Charlottesville
  • The City + The Urban Ring of Albemarle County comprise significant pieces of our market.

 

 

Throwing some context into the Twittersphere

Questions? 434-242-7140

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2 Comments

  1. Pingback: Buffalo & NYC, Market Still Mostly Good, Walled Gardens | Monthly Note Archives - RealCentralVA.com

  2. Pingback: Real Estate Market Shift - Tips for Buyers and Sellers in Charlottesville - RealCentralVA.com

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