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 who seem most affected. Perhaps the smaller builders are more nimble and able to alter their course?… Hovnavian’s only development (of which I am aware) in the Central Virginia region. Ryan is everywhere in Central Virginia.Read the memo here.These new market conditions have affected us in many ways and will continue to affect us in the months ahead. In the area of land acquisition we have been re-evaluating our current land positions and the contracts for new land in the light of these new conditions. Many of those contracts no longer make good financial sense when you factor in lower prices and a slower sales pace. Time will tell …Inman has the story as well.
you searched for four seasons
Where is the Senior Housing?
Charlottesville has been repeatedly ranked as one of the best places to live, top five college towns and best places to retire in the States.Best places to retire … that implies that there is both adequate housing stock that is suitable for the (sorry for the broad brush) “Over-55 crowd.”From a Businessweek article – And from Charlottesville, Va., to Hanover, N.H., you can always count on having plenty to do in a college town…. Says retirement expert Mark Fagan, a professor of social work at Jacksonville State University in Jacksonville, Ala.: ”Retirees and college students are always looking for the same thing: a good time.”Many of the communities that are being designed for the Over-55 demographic are not located in or immediately around Charlottesville…. Seniors typically have less impact on infrastructure and existing services, add to the property tax base and can share their years of knowledge and experience, especially through programs such as the Jefferson Institute for Lifelong Learning – good for the entire community!
Wine Talk
Did you know that October is Virginia Wine Month?To celebrate, Tastings of Charlottesville has partnered with Wordcast Productions to produce the first Charlottesville/Central Virginia wine podcast. If you are interested in the region’s wine, this is an excellent listen. Central Virginia has an extraordinary number of excellent vineyards that consistently produce excellent wines…. I believe that this in an excellent opportunity to accomplish a few things – first, to continue my love of wine, second, to be a part of a format that I believe will only grow and three, increase my business’ and my blog’s profile in a segment of the real estate market I believe to be very desirable.
Sniffing Winter College Demise | August 2020 Note from Jim
It feels like making any prediction as to what next quarter’s real estate market is going to do would be presumptuous or naïve, as things are changing so frequently in our world. With a disclaimer, here are my quick thoughts.