Closings Down in July in Albemarle and Charlottesville
If the fact that home sales are down, relative to previous months and years, comes as a surprise to you, you probably haven't been paying attention. Contracts were down in June and July in the aftermath of the government's homebuyer tax credit. Thus, closings were…
Friday Charts – Median Price in Charlottesville MLS
There is a tendency to watch real estate market data too closely ... paralysis by analysis is all too common. Interest rates, mortgage applications, foreclosures ... there is so much to watch, evaluate, interpret and analyze. Some of the data and analysis are useful, some…
Friday Chart – Who’s Donating Political Money in Albemarle and Charlottesville?
A slightly different Friday Chart, as election season is heating up. One of the questions I get from buyers moving to the area is, "What are the politics like around here?" Conservative? Liberal ... I start with this analogy - The City of Charlottesville and…
June and July Contracts and Closings in Charlottesville and Albemarle (2010)
We're still reeling from the effects of the homebuyer tax credit and relaxing in the traditional late-summer lull, but I think we may see a pickup this August and September. I also think we may be in the eye of the hurricane. I'll let you…
Friday Chart – Charlottesville MSA’s New Single Family Home Listings in April 2010
April 2010 has felt like more listings have been coming on the market and more have been staying on the market than in previous years. But, feelings don't necessarily matter so I'd rather look at the data. Looking purely at the data, a greater percentage…
Friday Chart – Homes listed in April in Charlottesville MSA
Looking at the type of home listed in the first 15 days of April in the Charlottesville MSA* over the past few years ... Of the 325 properties that have come on the market in the first 15 days, 13 are listed as being short…
Friday Chart – Million Dollar Charlottesville Homes
Looking at the first 77 Days of the past six years ... Just in Albemarle County, these are the number of homes with asking prices over one million dollars that have gone under contract in the first 77 days: And a very basic list to…
So … the Homebuyer Tax Credit Costs (way) More than $8k per House
Do you still think it's a good idea? From Calculated Risk: (bolding mine) This is no surprise and suggests that the extension and expansion of the home buyer tax credit will probably cost taxpayers over $100,000 for each additional home sold. Just about every economist…
Friday Chart – Charlottesville & Albemarle – February Homes Under Contract
How good (or bad) will February home sales be in Charlottesville, Albemarle and the surrounding counties? We've been talking recently about what the effects the various snowpocalypses have had on the Charlottesville real estate market; people were snowed in, buyers couldn't get out to see…
Friday Chart – Foreclosures in Charlottesville MSA
This concerns me; if only because finding accurate and relevant data for the Charlottesville real estate market is getting harder and harder; thus, advising my clients is becoming more and more challenging. (more…)