Get ready for scooters, Charlottesville. Because they are coming. For some reason, I can imagine a gaggle of scooters heading into Woolen Mills. What are they? To my eye, they are souped-up motorized versions of those razor scooters kids ride. But really. Scooters have become enormously popular, and we're going to see them on Charlottesville city streets soon. Might as well accept them, and seek to leverage them to try to reduce car traffic, and encourage more walking to scooters rather than driving. And maybe even more walking to Read More
Update 10 September Looking at the 2017 market (a very active market) for some context:
- In Charlottesville + Albemarle, 2,379 homes sold via the MLS.
- 485 of those were new construction
- 1,894 were resales
- 737 of the 1,894 - 39% - were marked as vacant. Now I'm more curious - was the vacancy rate so high because sellers were so confident that they could sell?
Choosing the right home, neighborhood, part of Charlottesville or Albemarle area can be hard, time-consuming, and challenging. As I tell my clients, "you're making a decision that will affect the rest of your lives (and your kids' too, if you have them). My advice: take your time. So far this year, I have represented three or four buyers who started the search process between three and five years ago. Time and patience are key. For example I have clients who planned to move to the Charlottesville area from a larger, transient area to be in Read More
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.
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