A Quick Mid-2023 Look at Charlottesville’s Real Estate Market
Looking at the state of the Charlottesville real estate market, little has changed since this time last year. There are certain houses that I am watching that sold within the past 3 years that are back on the market - some go under contract quickly;…
Buying a House without Seeing It
I was going to save this for my monthly note, but felt like writing today. I know I've written a variation of this story, and think I talked about it on a podcast, but here we are. I suspect many of my clients have heard…
When Do Homes Come on the Market in Charlottesville and Albemarle? (2023)
It's been a challenging year(s) for buyers in the Charlottesville area. While it's been this way for years, the past three years have been exceptionally hard. - Low inventory - High prices - Higher interest rates than a generation of buyers have seen - 42%…
Tracking the Charlottesville Real Estate Market in 2023
There is a lot of real estate market data to be found in 2023. Is more data better? Charlottesville Area Association of Realtors puts out pretty good quarterly market reports (here is 1st Quarter 2023's market report), Altos Research, Redfin, Zillow, ShowingTime's data showing large…
Schools Realignment in Charlottesville City
Setting aside the conversations about the merits, challenges, costs of the Buford Middle School renovations in the City of Charlottesville, people looking to purchase in the City of Charlottesville will need to be aware (as do real estate agents) of where kids will go to…
April 2023 Monthly Note
This month: This month: A new number in the market, Fighting Clients, Emotions in the market, and HOAs. I publish the best stuff I write (or at least work the most on, aside from offers and Contracts) in my monthly note. Archives of my subscription-only monthly…
A Comment on Charlottesville’s Real Estate Market
All too often, the Charlottesville Reddit community has a good discussion. The following comment is posted with permission; it came from a discussion predicated on the perception that the asking price was too high of a recent Charlottesville listing. As ever, many of the commenters…
Artificial Housing Inventory in Charlottesville
I'm guilty of this, too. For houses that come on the market in Charlottesville and the Charlottesville area, what I'm seeing is this Home is listed as a Coming Soon on Monday/Tuesday so that we Realtors can tee up our buyers. House is activated on…
Reddit AMA
Last week, at the suggestion of a client, and with permission of the moderators, I did a Charlottesville Reddit Ask Me Anything (AMA), similar to the Richmond real estate AMA. It was fun, exhausting, hopefully informative, and I learned a lot. I also know that…
Rezoning for Density in Charlottesville (City)
Question - Will the zoning rewrite positively or negatively affect the Charlottesville real estate market? Answer: Yes. Longer answer: the answer depends on the buyer, the situation, the location, the neighborhood and neighbors, infrastructure, financing, and time. I'm still figuring out the what the City…