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Charlottesville is a “Top Vacation City” for Beer

in Albemarle General Real Estate on

Yes, it’s true. The Charlottesville area has a lot of great breweries. Now Main Street has noticed; naming Charlottesville one of the “top 10 vacation cities for beer lovers“.

Notice though – only one of the five breweries on the Brew Ridge Trail is actually in “Charlottesville.“

– South Street Brewery is in the City of Charlottesville.

– Starr Hill Brewery is in Crozet (Albemarle County)

– Blue Mountain, Devil’s Backbone and Wild Wolf are all in Nelson County.

One of the questions I ask new buyer clients contemplating relocating to Charlottesville is, “What does ‘Charlottesville’ mean to you?”. For some, it’s the City of Charlottesville. For some it’s the urban ring of Charlottesville, for others it’s “within 30 minutes of downtown Charlottesville …”

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Primer for 1st Half 2012 Real Estate Market Update

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30-year fixed-rate mortgage - Wolfram|Alpha

I’m going to be running numbers next week – give some time for realtors to enter the closings in the Charlottesville MLS and for the delayed (there are so many*) closings to finally close.

This is just a primer for what is likely to be a long and comprehensive post next week.

Contracts written 5/1/11 – 6/28/11:

Single Family Homes in Charlottesville and Albemarle : 213

Attached homes in Charlottesville and Albemarle: 70

Condos in Charlottesville and Albemarle: 51

Contracts written 5/1/12 – 6/28/12:

Single Family Homes in Charlottesville and Albemarle : 255 (up 16%)

Attached homes in Charlottesville and Albemarle: 70

Condos in Charlottesville and Albemarle: 32 (down 37%)

Looking at the above data, a quick conclusion could be reached that more buyers are shifting towards purchasing single family homes as home prices have dropped. Next week, I’ll separate the City from the County, product mixes, and the rest of the Charlottesville MSA.

These numbers are likely representative, but not an entirely accurate picture of the Charlottesville real estate market because most closings tend to happen at the end of the month … come back next week.

Closed sales 5/1/11 – 6/28/11:

Single Family Homes in Charlottesville and Albemarle : 230

Attached homes in Charlottesville and Albemarle: 74

Condos in Charlottesville and Albemarle: 41

Closed sales 5/1/12 – 6/28/12:

Single Family Homes in Charlottesville and Albemarle : 229

Attached homes in Charlottesville and Albemarle: 60

Condos in Charlottesville and Albemarle: 36


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Charlottesville MSA Homes Listed, Sold and Put Under Contract

Charlottesville Real Estate Market Update: Transaction Volume for 2000 – 2011

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Part Two of … See Part One – Charlottesville MSA – Single Family & Attached Homes Placed Under Contract – First Five Months

Looking at the Charlottesville MSA for transactional volume history … what we need is stability and consistency. Once we can reach a relatively stable number of transactions, I think we’l be able to start to see normalcy, whatever that is … maybe ~ 1000 transactions per year?

For the first five months of the year, what we’re looking at here is everything – single family detached homes, attached homes, new construction, resale, condos …

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Talking about the Charlottesville Real Estate Market – WNRN Radio 9 January 2011

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If you are interested in – whether from a buyer, seller, voyeur, moving to Charlottesville perspective, I highly encourage you to listen to this hour of radio Matt Hodges and me as we discuss the Charlottesville real estate market, national trends affecting all of us, and what the conversation may mean to you, the real estate consumer. … Some of the stories to come: One of the best parts of doing radio shows is that I always generate new ideas to write about. – Top 10 most popular neighborhoods in the area; I’m finalizing the methodology for how this will be determined, so I won’t promise the publication date. – An expansion on the nomadic class. – The internet’s/telecommuting’s impact on attracting people to the Charlottesville area. … Title issues, conveyance of title, property ownership – I think this is going to be a huge story in 2011. – Mobility – many of today’s potential homeowners are choosing to not buy because they want to have options. – QE2 – DIA and NGIC – their impact on the Charlottesville real estate market; in short, they they provided a stabilizing force. – Loan Level Pricing Adjustments – what does this mean to homebuyers?

…Charlottesville Foreclosure Rate and Foreclosure Activity Information | thanks to RealtyTrac – Foreclosure rate for the Charlottesville MSA – Majority of Virginians oppose gas-tax increase – Town hall to discuss Hollymead development area expansion – Realtors’ response to Mortgage Interest Deduction – Commentary: Mortgage Interest and Real Estate Tax Deduction Facts – Facing Scrutiny, Banks Slow Pace of Foreclosures – Homeownership is not a must .

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UVA Poised for Tremendous Growth

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“If we can reduce the number of parking spaces needed, then we can save that land for a higher and better use, which for us would be classrooms,” said Julia Monteith, UVa’s senior land use officer, at Wednesday’s meeting of the regional Metropolitan Planning Organization. … As part of the program, the school’s transit service entered into a reciprocity program with the Charlottesville bus system, started a car-sharing program and made it cheaper for those who carpool to park. … “ Instead of just focusing on how cars move around Grounds, we [wanted to] be able to look at more multi-modal transportation and be thinking about this in more of a forward-thinking way ,” Monteith said. … If we could just get the City of Charlottesville and the County of Albemarle to look forward in a similar way – focusing on doing rather than studying – we would all benefit.

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