I live in Crozet; it's easy and natural to focus on that micro-market. https://youtu.be/jeVedaR0Ess The first half of 2018 is behind us, and we talked about resales vs new construction, home prices, where in Crozet homes are selling, what happened with home inventory over the past few years. Note that this is a longer video than typical; we covered a lot. Thanks to the Rooftop for letting us use their ... Rooftop. (Greg and I are getting accustomed to doing these videos together ... we will get better) Transcript … [Read more...]
May 2018 Monthly Note – Ignorance, Ownership, Market and More
Archives of my subscription-only monthly notes. The blog is more searchable. Interested in not waiting a few months to read it? Learn more here. For these posts, I don’t do much formatting/changing as I’m more concerned about simply having the content here forever (because I own the blog, and I don’t own Tinyletter) … [Read more...]
April 2018 Monthly Note Archive – Be Kind
Archives of my subscription-only monthly notes. The blog is more searchable. Interested in not waiting a few months to read it? Learn more here. For these posts, I don’t do much formatting/changing as I’m more concerned about simply having the content here forever (because I own the blog, and I don’t own Tinyletter) … [Read more...]
July 2018 Monthly Note – As the Market Turns
Join the dozens, and subscribe to my Monthly Note, written primarily for real estate consumers, clients, voyeurs of the Charlottesville area real estate market. Subscribe here; one email a month. No more. Promise. In this month's note As the Market Turns Brief market update Reflecting on Turn On Waiting Tables Does the consumer disappoint? Bleached wells RealPodVA - the podcast continues. … [Read more...]
Nest Report – Mid Year 2018 – Sales, Prices Up
Download it. Dig into it. Ask questions. Broadly Sales up Prices up Days on Market Down Inventory down Sales volume is up As I'm writing in my coming-this-week Monthly Note: What is it that buyers and sellers want to know? Can I/should I buy a home now, or should I wait? Can I/should I sell my home now, or should I wait? If I'm able to sell, where will I go? No broad-based market analysis can answer the above questions if you're in one of those two positions. Give me two price points and I'll give … [Read more...]
RealPodVA – ARMs and Panicking about the Future
Latest RealPodVA is up. This was a fun one. Talking about market data for the Charlottesville MSA, ARMs, the future of the real estate market. Thoughts, comments, insights, suggestioncous welcomed. Truly. ARMs Big Short The Future Market Update The damage acronyms do to America Cost of new construction Murder rooms We have a lot of fun with this podcast, with Dave Stipe with Rockfish and Bart Isley with Scrimmage Play. … [Read more...]
2nd Quarter 2018 Charlottesville Area Market Report
tl;dr on the current state of the Charlottesville market Quite a few houses in select pockets of the market are moving quickly Example: Since 1 January 2018, in Charlottesville + Albemarle, 1,296 not-new-construction homes went under contract (no way of telling how many of those contracts fell apart; a couple of those would have been mine). 504 of those 1,296 had cumulative days on market of 7 days or under 303 of those 504 were within 3 miles of Nest Realty in downtown Charlottesville. 230 of those 1,296 were on the … [Read more...]