Nelson County Virginia real estate prices increasing in 2022 due to pandemic and fiber internet.
Browsing Category Nelson
Charlottesville Area Association of Realtors’ 2015 Market Report
Dig in. Ask questions.
Short takeaways when looking at the Charlottesville area market report:
Nest’s 2015 Mid-Year Market Report
Download the Charlottesville Mid-Year Report; ask questions, get educated. In this report, we cover the City of Charlottesville (sales are up, days on market down), Albemarle County (same), Greene, Nelson, Louisa and Fluvanna. We’re seeing mostly positive trends…
Has Tesla made the Atlantic Coast Pipeline Obsolete?
With the forthcoming Tesla home battery, is the proposed Dominion Power Atlantic Coast pipeline through Nelson County (and obviously other localities) obsolete before it’s a reality? Tesla (Tesla Motors, Space X, Hyperloop, and God knows…
Low Housing Inventory Continues in Charlottesville and Albemarle
If you look solely at the numbers, it looks like housing inventory is up. Not so.
Iâ€™ve been thinking for months that weâ€™d be seeing more housing inventory on the market by now. Itâ€™s not yet here.
Comparing the first 9 days of February of this year versus last – 116 new listings came on last 1-9 February versus 50 this 1-9 February.
For the MSA (Charlottesville, Albemarle, Fluvanna, Greene, Louisa, Nelson) – 84 this 1-9 February and 210 last 1-9 February.
I’m confused. I know this: I have buyers who are looking for homes to to, and we canâ€™t find them. I get emails frequently from buyersâ€™ agents who are looking for homes for their buyers, and they canâ€™t find them.
If youâ€™re interested, hereâ€™s a bit more data:
– The Sales and Inventory report for Charlottesville and Albemarle
– The Sales and Inventory report for the Charlottesville MSA
Update 18 February 2014: this is not merely a Charlottesville – Albemarle MSA trend. Redfinâ€™s post today is outstanding.
Redfin agents say the downturn in demand is uneven. â€œThe picture-perfect homes are selling just as fast as last year, often drawing a dozen or more offers,â€ according to Redfin Washington, D.C. agent Philip Gvinter. â€œBut now the undesirable properties that would have sold in a few months last year arenâ€™t selling at all. The biggest change is in between, with the sort-of-desirable homes. Last year, these homes got multiple offers and sold quickly. Now, they are getting only one offer during the first week, sometimes having to reduce their price, and the home is taking three to six weeks to sell.â€
Cash & FHA Transactions in Charlottesville MSA – Local Analysis Matters
Cash transactions in Charlottesville area – 2013
2012 is in the Past – Looking Forward at the 2013 Charlottesville Market
1 – Inventory is low – (good for sellers, not so good for buyers)
2 – Interest rates remain low
3 – Prices (in many market segments) have stopped dropping, and are largely increasing.
4 – Sales volume is up across the board
5 – As always, do your own, supporting due diligence; your market will vary.
Click through to read the full Nest Report.