I've referred to this chart so many times in the past few days, I thought I'd write another post. (most of) The Charlottesville real estate market remains highly active. But ... Amazingly, we are entering the seasonally and expected less active part of the market. That green bump at the end is likely representative of new construction closings- 70 of the 296 December 2016 closings were new construction; 50 of the 256 in November 2016 were new. If you're thinking about buying in 2017, figure out your market, and look at … [Read more...]
1st Quarter 2017 Market Report – Prices Up, Inventory Down, Velocity Stable
For many, the Charlottesville - Albemarle real estate market is great. For some, it's fine. For buyers, it can be profoundly frustrating. For sellers whose houses aren't selling, the headlines touting the strength of the market are confusing. There are still homeowners whose houses are underwater, for whom the broad headlines and talking points are infuriating and confounding. For a lot of sellers, now is a fantastic time to sell ... but, if you're moving locally, where would you buy? Download the 1st Quarter 2017 Charlottesville Nest … [Read more...]
Search for homes by Noise Level?
"Is this neighborhood quiet?" is a very common question buyers ask, almost as common as "how often does the train run?" This National Transportation Noise Map is one way to try to ascertain neighborhood transportation noise levels. (thanks to David Reese for finding this!) CityLab had a story in 2015 about a tool called HowLoud; I'm not yet sure how accurate that tool is for the Charlottesville area, but I did find a nifty map at RentLingo that seems reasonably good (after spending 30 seconds there) The Charlottesville … [Read more...]
A New View of West Main in Charlottesville
I had the opportunity this week to look at the back side of West Main from UVA Hospital. The Charlottesville skyline is changing a bit ... and it's not even close to being finished. A #Charlottesville view I'd not seen before. An evolving skyline. (That should go higher). A post shared by Jim Duncan (@jimduncan) on Mar 14, 2017 at 9:25am PDT … [Read more...]
A Pizza Hut. On West Main Street
Nothing against Pizza Hut. I remember playing sit-down Pac Man at a Pizza Hut when I was a kid. They're building a Pizza Hut ... on West Main Street. Close to the new apartment buildings (Uncommon & Hardywood brewery, Flats at West Main, and the rest), meaning students ... Times change. Notably, and I don't know if this is just my personal Google (your Google may differ), "pizza Charlottesville" yields local pizza shops at the top of the list. … [Read more...]
Charlottesville & Albemarle Real Estate Assessments – 2017
Charlottesville & Albemarle Property taxes up. Rural conspiracy? What do real assessments mean? The following message came to me the other day Mr. Duncan: have you heard any thoughts on the recent county rural tax assessments. my land value dropped roughly 25% this year. I am located 2 miles from the heart of Crozet, closer than some houses in Old Trail. Do Assessors have any legal limit on how much they can devalue land in a year? 25% seems almost criminal. It was $84,700 the past two years and then $63,100 this year. Do you … [Read more...]
Charlottesville’s Micro Real Estate Markets – in Pictures
Micro markets matter ... in all markets. Take the top level real estate data with a grain of salt. The Charlottesville - Albemarle regional market is no different than any other market. When you read market reports, take them as a guide, but know that your market - whether you're buying or selling a home in the Charlottesville area - will be somewhat unique and different. Take a few moments to click through the images below. I searched the Charlottesville MLS for homes in Charlottesville and Albemarle that are under contract or sold, with … [Read more...]
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