A lot of homes in the Charlottesville area are going under contract quickly. A lot aren’t. Your market will vary.
It’s been a long time since I started writing about the Charlottesville real estate market. This site has become my pensieve; it is easier to google my site for information than it is to remember what I’m trying to say (and this site has links, too). What started as a little blog on a freeware mac blogging platform has become something somewhat bigger – I’d wager that this site is the most widely-read real estate blog in Charlottesville.
To those of you who have read and continue to read, send me tips and thoughts and to the buyers and sellers whom I have met and worked with over the years, I offer a simple and humble thank you.
While the format of this site has changed many times, the intent has not – to provide clear and transparent analysis about the Charlottesville real estate market devoid of spin, reflecting my thoughts and opinions about the local real estate market, local politics affecting real estate and other such matters. Sometimes I write about my phones. Sometimes about technology that makes marketing real estate better for me and for my clients.
Make no mistake – the number one thing that writing RealCentralVA has done is forced me and allowed me the path to become a better real estate professional. I know more, I read more, I’m aware of more, I’m aware of more that I don’t know, I understand the context of real estate in the local, state and national economies â€¦ by reading, writing and practicing real estate every day, I’m better positioned and prepared to do what I love – represent my clients as I guide them through life-altering decisions.
After the jump are a few stories of note; frankly, with over 3700 stories written since 4 January 2005, I briefly looked at the RealCentralVA archives and picked a few that interested me.
Part Three of …
One of the most common questions I get is – what is selling in Charlottesville and Albemarle? Condos? Attached homes? Single Family? A look at the data gives a look at some answers …
– I’m keeping this focused on only the City of Charlottesville and the County of Albemarle as that is where the bulk of the attached homes and condos are located.
– Single family homes have come to be more affordable, leading to a decline in transactional volume within the condo and attached home segments of the market.
– 2005 was very good for condo conversions; now the condo conversions have been decimated in value.
– Attached homes can be very attractive – newer ones in good condition price right, especially so.
– Homeowners Associations’ fiscal health is likely to be more and more of an issue as this market correction continues to correct.
In case you were wondering, the Charlottesville area is still considered – technically as well as psychologically – a Buyer’s Market Charlottesville and Albemarle real estate market update – attached homes – 18 May 2010 (pdf) Charlottesville and Albemarle single family homes – real estate market update – 18 May 2010. (pdf) If you want to receive these updates regularly, spam-free , sign up here.