3rd Quarter Market report for Charlottesville area real estate market
What a difference a year makes. The Charlottesville Area Association of Realtors releases its Third Quarter Market report today. (The full PDF report is here) There were 2,875 homes sold in the first nine months of 2007, which was down 647 (-18.4%) from last year.…
Charlottesville area listing inventory numbers
Between the first of January 2006 to the 8th of January 2006, 225 properties were listed. For that same timeframe for this year, 132 residential properties have been listed.* There were 23 price changes in this timeframe in 2006 versus 60 price changes in 2007.…
Central Virginia development moves on
Biscuit Run, the proposed development to the south of the City has been revised downwards from a proposed 5,000 homes to 3,500 homes. The traffic study work session next month should be interesting. As always, Cvilletomorrow has much more information as well as a podcast…
Housing numbers are down
And inventory is up. Rates are low. Home price appreciation is slowing. Inventory is up. Significantly. note: as soon as I figure out how to upload an image via coding, rather than depending on my normal program, I will. Regarding NAR's press release: They have…
K Hovnavian slashing development
I moved this to its own story, from today's "Links" post, because they represent the second builder (Ryan was first) to announce major changes. Interestingly, while local builders have seemingly made some significant changes to their pricing and development strategies, it is the national builders…
Following the Charlottesville area market trends
*Active in August 2006: 432 Active in August 2006: 441 % change: 2.08% Contingent: -28.74% Pending: -34.36% Sold: -21.95% Very, very interesting data. What do the data tell us about the Charlottesville and Central Virginia area's real estate market? It has slowed - significantly. The…
Market Data for July 2006
The past few months have seen some significant changes in our market. It's not just the interest rates, though - they've actually gone down a bit of late. I am running the numbers a little bit differently as well. *Active in July 2005: 456 Active…
Morning links 04-10-2006
This is progress? Hat tip to Outskirts. Low-tech productivity gains a following. I have read 43folders for some time. Whenever someone asks me what the best gadget is for x task, my answer has always been "whatever works for you." It just might not be…
Anecdotal evidence on the local market
The news was flooded last week with reports on the housing market's decline. This article in the Washington Times is but one example: The downturn in the housing market is deepening, with new home sales at a nine-year low, prices down for the fourth month…
Population increases (shocking!)
The Weldon Cooper Center has released a study showing population increases throughout the Commonwealth. The Thomas Jefferson Planning District (our region) has seen a fairly significant increase in its population - 7.5%. Albemarle has seen a provisional change of 7.4%. Charlottesville - (-.5%) Greene -…