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…
Will the Charlottesville Real Estate Bubble Deflate, or Pop?
Will the Charlottesville Real Estate Bubble Deflate or Pop? First, I don't think we are in a real estate bubble, but I do think we are in an economy that has become prohibitively expensive for too many. The better actual first answer is the one…
Shifting Expectations and Mortgage Rates
Mortgage interest rates are causing the market to shift. Looking at interest rates through this lens:* $650K price. 20% down 3.25% Principal + Interest payment= $2,263 Change that interest rate to 6% -> $3,118 And 5.5% -> $2,953 For a $500K at 5.5% house, P&I…
Market Slowing Down in Charlottesville? Probably
Is the Charlottesville area market slowing down? Maybe. It's too soon to tell. What I'm seeing is this: The market certainly feels a bit slower; feelings don't really matter, so let's say my professional gut instinct says it's slower. Rates matter. They really matter. Many…
Mortgage Rates, Demand, and Supply in Charlottesville Real Estate
Mortgage rates around 5%? What does that mean to buyers and sellers in Charlottesville? https://youtu.be/xl-bntDRtCs It is end of March, 2022. And interest rates are hovering around 5%, and this is the first time in memory that they have sustained around that number. And…
Talking About Charlottesville Housing Prices in 2022
Taking a Reddit question as a writing prompt. "We just moved here and are sticker-shocked at the price of houses. I work in the city and don’t want a long commute, prefer good schools, and need 4 bedrooms. Do you think once inflation sets in,…
Early February 2022 Thoughts on Charlottesville Real Estate Market
The Charlottesville Area real estate market is never boring. Just a few things that I've been telling my clients this year, and things that I'm reading This is the hardest real estate market I've been a part of in my 20 year career It's hard…
Nest’s 2021 Market Year in Review
Want a look back at the 2021 Charlottesville area real estate market? Dig in to Nest Realty's 2021 market report overview. Our team does remarkable things, and this is but one shining example. They make us look good. Charlottesville 2021 Annual Report While this look…
A Bit of Early 2022 Charlottesville Area Real Estate Market Data
First, my standard disclaimer/disclosure: your micro market will be different. Recently, I've written offers on houses in the > $1M range and in the ~$400K range. Each of these markets is very, very different. The market analyses I do for sellers in Spring Creek in…
How Fast Are Homes Selling in Charlottesville? in November 2021
Watching this week's Altos market update video made me curious.* How many homes in Charlottesville + Albemarle are going under contract immediately, as in, in 1 day or less? So I ran the numbers, because just a top-level look doesn't tell the story. In Charlottesville…