Q: Is the Charlottesville Real Estate Market Turning? A: I don't know. Yet. I've been saying for months that a turn may be coming, and noted it in the July monthly note. And, I've been saying for years that I'll tell you in 18 months what today's market is actually doing. Hindsight is key; reading current indicators is critical.
I live in Crozet; it's easy and natural to focus on that micro-market. https://youtu.be/jeVedaR0Ess The first half of 2018 is behind us, and we talked about resales vs new construction, home prices, where in Crozet homes are selling, what happened with home inventory over the past few years. Note that this is a longer video than typical; we covered a lot. Thanks to the Rooftop for letting us use their ... Rooftop. (Greg and I are getting accustomed to doing these videos together ... we will get better) Transcript Read More
A friend shared with me his description of the Charlottesville area that he'd sent to a friend. This is part two; part one is here, and it's quite useful and good. Reading this has been interesting for me; I look at Charlottesville through the lens of a (relatively) very long-term resident, and as a (relatively) long-term real estate agent. A few things
- Realtor.com and Zillow are quite useful with their Read More
There comes a time in every home search process (and often the home selling process) where one says "this is good enough." Arriving the point of whatever you want to call it - concession, compromise, acquiescence, acceptance, or, to use a positively-connoted descriptor - satisfied - is hard. The home search process can be hard, even if you're looking at new construction in the Charlottesville area market, as you're seeking a home where you and your family will live for, usually, at least seven to ten years. Coming to the Read More
Jim's preface: Affordable housing in Charlottesville + Albemarle (and America) is at, or nearing, crisis stage. I love this post because I learned a lot from it. I hope you do, too.
Alison Wrabel at the DP reports: After three work sessions, the Planning Commission on Tuesday recommended to allow whole-house rental, where no owner is present, only in the rural area and for no more than seven days in a month and no more than 45 overnight stays per year. Whole-house rental was not recommended for the development area. The panel also Read More