• Home
  • Buying?
  • Selling?
  • Archives
  • Contact Jim
  • About Jim

RealCentralVA.com

Charlottesville's Real Estate Blog. Buyer &/or Seller Representation, Real Estate News

You are here: Home / Albemarle / First 17 Days of the Charlottesville Real Estate Market

First 17 Days of the Charlottesville Real Estate Market

If 2018 continues at this pace, it’s going to be a very difficult year for for a lot of buyers, and a good year for some sellers.

For Albemarle County – Contracts up 12%

  • In the first 17 days of 2017, 56 homes went under contract. This year, that number is 62.
    • 22 contracts were new construction in 2017; 16 in 2018. Interesting and I think this number will shift up by month’s end.

For the City of Charlottesville – Contracts up 56%

  • In the first 17 days of 2017, 13 homes went under contract. This year, that number is 20.
    • No new construction was put under contract (per Charlottesville MLS) in 2017 in the first 17 days. This year, we have 3 – in Belmont Station, Village of Moore’s Creek, and Carter’s View.

Affordability remains a massive challenge.

From my monthly note

Much as I hate to not produce original content for this note, what I wrote in 2015 and 2005 are particularly relevant.

I wrote in 2005:

“I heard the end of an interesting story on NPR this morning discussing the over-heated real estate markets nationwide. One couple was recalling how they had to decide to make an offer on a house within 30 minutes of visiting the house once and then had to offer tens of thousands of dollars over the asking price, all while waiving the home inspection.

This for a purchase of hundreds of thousands of dollars. Contrast this with purchasing a digital camera (Update: remember when people bought digital cameras? They don’t anymore).

When the subjects of the story bought their camera, they went through a similar process as I did. I researched diligently, compared Consumer Reports, checked online and at local stores for prices and so on. Purchasing a home, in a perfect world, would allow for a much more diligent process. Unfortunately, that is not the case.

 

Questions about the Charlottesville Market? Call/text me or enter something here.

Share this:

  • Email
  • Facebook
  • Twitter
  • Pocket
  • Pinterest
  • Print

January 19, 2018 Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CommentLuv badgeShow more posts

Learn the market, Read Great Stories

Daily updates too much? One email a month? Yes please!

(I'll never spam you)

About Jim Duncan

I am a Realtor/Broker/Partner with Nest Realty in Charlottesville, Virginia. The goal of this site/blog remains unchanged in the nearly 10 years since its founding – to provide clear, coherent and unbiased analysis of the Charlottesville area real estate market.

Learn More

My goal

I help my clients make the best possible real estate decisions.

Looking for something? Find it!

Load More...Follow on Instagram

Resources

  • Ask Jim
  • Buying a Home
  • Selling a Home

Email Updates in Your Inbox

We respect your email privacy

This work by Jim Duncan is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License.

Top Posts & Pages

  • Dominion Power's Water Line Replacement Program - What is It?
  • Checking Internet Connectivity before you Buy a Home
  • Charlottesville City Schools or Albemarle County Schools?
  • A few of My Favorite Hikes around Charlottesville
  • Dr. Seuss and Charlottesville - What’s the Connection?
  • Builder's Bankrupt - What about the Warranty?
  • February 2019 Note | Market, Instagram, Yoga
  • Goodbye, Charlottesville Ice Park
  • End of 2018 Charlottesville Area Market Report

Copyright © 2019 · RealCentralVA

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.