The Most Succinct Example of Charlottesville Real Estate Market’s Meteoric Up and Down
February 2005: Asking Price - $345,000 Selling Price - $345,000 Days on Market - 119 April 2007: Asking Price - $399,000 Selling Price - $399,000 Days on Market - 13 March 2010: Initial Asking Price - $366,000 Current Selling Price - $299,999 Days on Market…
Friday Chart – Charlottesville & Albemarle – February Homes Under Contract
How good (or bad) will February home sales be in Charlottesville, Albemarle and the surrounding counties? We've been talking recently about what the effects the various snowpocalypses have had on the Charlottesville real estate market; people were snowed in, buyers couldn't get out to see…
Charlottesville and Albemarle Governments Clash. Again.
For anyone interested in a prime example of the City of Charlottesville's and County of Albemarle's occasionally dysfunctional relationship, Rachana Dixit and Brandon Shulleeta have great story in today's Daily Progress. When explaining the City/County relationship to relocating buyers, I often describe the governments as…
Foreclosures, FHA and Tax Credit Timelines and a Look at 2010
Huge thanks to the Charlottesville Podcasting Network for producing this podcast. I was on Coy Barefoot's Charlottesville-Right Now! last week and we briefly discussed the Charlottesville real estate market. I anticipated 20 minutes on air, prepped as if I would be on air for three…
City of Charlottesville’s Assessments Decline
Following on the heels of Albemarle County's assessments declining, the City of Charlottesville have announced their property assessments have declined as well. Read the whole thing at the Newsplex. In its annual review of Charlottesville properties, the City Assessor's Office released figures that show the…
Walkability – More than a Fad
Or ... Walkscore gets some love. There's real demand, I tell ya. "We found that walkability had a statistically significant, positive impact on housing values in 13 of the 15 markets we examined, said Cortright. "For the typical metropolitan area, each additional point of Walk…
Should I get Three Competitive Market Analyses?
Transcription:Hey Jim Duncan, Nest Realty and RealCentralVA.com here in Charlottesville, Virginia. The question is: if I'm getting ready to put my house on the market, is it a good idea to get three different competitive market analyses from three different realtors and then choose the…
March 18 2010 – UVA Match Day
Match Day is March 18 2010. Every year, I do research into the Match Day process, and every year I find interesting blog post. This one is a particular favorite because of the insight one gains into the thought and process. We've been contemplating where…
Strategic Defaults – Wrap up from last weekend
Part 4 of - see bottom for links to each post in the series. I think we're going to see more and more of these so-called strategic defaults in the Charlottesville area. How many? It's hard to tell. I hate being a cop-out, but I'll…
Green – It’s about Saving Money
Part 5 of - see bottom for links to each post in the series. This post was actually a work-in-progress from several weeks ago, but the conversation on the radio spurred me to finish it. From TallWall (thanks to @G2Architecture): Myth 2: Green consumers' main…