Quick Charlottesville Market Stats – 9 October 2023
With respect to today's Charlottesville real estate market, 2022 is irrelevant. First and second quarter 2023 are equally irrelevant. What matters is what is happening right now. With that, a few stats that I'm putting out, with the question -- what real estate market stats…
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%…
Quick Inventory Thoughts – Charlottesville + Albemarle – March 2023
Watching the latest update from Altos, I thought I'd put the "fewer houses + steady buyers = weird market" into Charlottesville and Albemarle context. https://www.youtube.com/watch?v=Jo6_AYTyFjE Looking at resale (not new construction) Charlottesville From 1 January to 5 March 2022* 98 homes were listed. Average price…
Real Estate Sales Down in Charlottesville in October 2022
The real estate market is slow. In a word: slow. More words: The Charlottesville area real estate market is different than it was three months ago, and three years ago. It's slower, for all the reasons I've laid out before. I'm posting the PDF of…
Thoughts on Housing Prices in Charlottesville – Early November 2022
I am probably wrong, but less wrong because I'm not really going to make predictions about what housing prices are going to do in the Charlottesville - Albemarle real estate market in 2023 and beyond. Prediction: 2023 will bring fewer homes on the market, fewer…
Sales Down, Inventory Up in Charlottesville Area Housing Market -3Q 2022
Coming as no surprise to anyone paying attention to the Charlottesville area real estate market, home sales are down, the number of homes for sale is up, and closed sale prices are still reflecting homes that went under contract 45-90 days ago. Download the…
Late-Stage Pandemic Real Estate Market Update — & Questions
Everyone has questions about the Charlottesville - Albemarle, Central Virginia, national real estate markets. While I'm a huge fan of the phrase, "I don't know," I also know that my clients tend to seek more insight than that. "We have been keeping an eye on…
Bubble? Crash? Correction? What is Happening?
A friend texted me this Fortune magazine story - Are we in another housing bubble? - this week. Reasonable. A lot of people are searching for answers to the "are we in a housing bubble?" question, myself included. Part of my answer A long time…
2022 Nelson County Real Estate Prices Shoot up
Download the Nest Realty Mid-Year Market Report here, and ask me any questions you have here. The pandemic has been good to real estate prices in Nelson County. Actually, pandemic + fiber internet have been good for Nelson County prices. I wrote in January of…