Top-level real estate analysis is relevant to get a *sense* of the market, but mostly invalid when seeking to make decisions.

— Jim Duncan (@JimDuncan) October 12, 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.

• The City + The Urban Ring of Albemarle County comprise significant pieces of our market.

Throwing some context into the Twittersphere

Context matters.
re: Days on Market- 3Q 2017:
Charlottesville MSA: 63
C’ville City: 36
Albemarle: 51
Greene: 60
Fluvanna: 74
Nelson: 170

— Jim Duncan (@JimDuncan) October 12, 2017

Questions? 434-242-7140