charlottesville real estate Archives - Page 5 of 9

Strategic Defaults – Wrap up from last weekend

in General Real Estate on December 31, 2009 January 3, 2010

I think we’re going to see more and more of these so-called strategic defaults in the Charlottesville area. … I hate being a cop-out, but I’ll stick with my standard answer of “we’re not going to know how good or how bad the Charlottesville real estate market is until we have the benefit of hindsight.” Suffice it to say, I suspect we’ll see more of these so-called “strategic defaults” in 2010.

… Part 1- Quick Update on the Charlottesville Real Estate Market Part 2 – Short sales and Foreclosures in Charlottesville Part 3 – Homebuyer tax credit in 2010 – Who’s Eligible?

Green – It’s about Saving Money

While by no means a comprehensive list, some of the green homes in Charlottesville can be found in the following neighborhoods: – Belvedere – Old Trail – Westhall – Wickham Pond – Avon Park – Poplar Glen – Montgomery Ridge The Code of the Commonwealth of Virginia allows for :

…Energy-efficient buildings, not including the real estate or land on which they are located, are hereby declared to be a separate class of property and shall constitute a classification for local taxation separate from other classifications of real property. The governing body of any county, city, or town may, by ordinance, levy a tax on the value of such buildings at a different rate from that of tax levied on other real property.

…Energy-efficient building certification for purposes of this subsection shall be determined by any qualified architect, professional engineer, or licensed contractor who is not related to the taxpayer and who shall certify to the taxpayer that he or she has qualifications to provide the certification. — Part 1- Quick Update on the Charlottesville Real Estate Market Part 2 – Short sales and Foreclosures in Charlottesville Part 3 – Homebuyer tax credit in 2010 – Who’s Eligible?

Quick Charlottesville real estate market update – End of 2009

in Albemarle Charlottesville Market statistics on December 28, 2009 December 30, 2009

Just for residential real estate in the City of Charlottesville and the County of Albemarle – Predictions and Prognostications: The “bottom” of the Charlottesville real estate housing market may come in the third or fourth quarter of 2010. … I have no idea, and if I told you, I’d be lying. 2010 is likely to bring more moderated prices, with increased transactional volume. 2010 will see higher interest rates, that will still be remarkably low. … Please let me know if you would like to see any specific information or data) More on Home Sales – Charlottesville/Albemarle 2006 2007 2008 2009 More on Home Sales – nationally New-Home Sales Drop 11.3% As Impact of Stimulus Fades Home Sales up as Buyers Respond to Tax Credit – National Association of Realtors (read with the biased grain of salt) Why U.S.

…For the new-home sales, the decisions were made in November, when there was no such scramble to qualify for the tax credit.

Radio this Weekend – WNRN Sunday Morning Wakeup

in Charlottesville Shameless Self Promotion on December 23, 2009 December 24, 2009

We’ll be discussing year-end statistics about the Charlottesville region’s real estate market, prognostications for 2010, real estate and technology trends that consumers need to pay attention to and probably quite a bit more. … Maybe a little plug for Nest Realty – Charlottesville’s newest real estate brokerage If you’re going to buy a home in Charlottesville in 2010, when should you start looking? … ) ( now ) (Same if you’re looking to sell a home in Charlottesville ) … … (have you noticed the Meebo bar at the bottom? … I love doing radio for some of the same reasons I love writing this blog – one of the foremost reasons is that live radio forces me to prepare …

Prepping to Buy a House in Charlottesville

in Albemarle Buyers Charlottesville dual agency Stupid Real Estate Questions - AKA: What are the questions you think you should know but have never asked? on December 14, 2009 January 4, 2010

Now is the time when people really start to talk about these things in earnest, so here is the thing: if you’re thinking about buying a house, it’s a great time to buy! … But if you’re thinking about buying in the Spring: – now is the time to start researching. – Drive through neighborhoods, see how they’re decorated if that interests you or if it disinterests you. It’s good to know what you might be getting yourself into. – Start scouting things out, ask questions, search for homes and find a realtor (I am one) and start looking for vacant houses so you have a feel for what you’re going to see come Spring when houses come on the market. – Prices now are starting to moderate even more. … Start interviewing buyers agents , ask questions, because when you’re talking about interviewing buyers agents , you’re really talking about spending a lot of time with somebody who is hopefully going to be someone you like, trust, and is a professional who is experienced.

Thanks Albemarle Family Readers

in Albemarle Charlottesville Shameless Self Promotion on December 9, 2009 December 10, 2009

The readers of Albemarle Family magazine (truly one of the best resources for families in the Charlottesville and Albemarle area) voted recently in all sorts of categories. Their inaugural ” Winning Picks for Family-Friendly Fun and Services ” selections covered virtually every segment of the Charlottesville/Albemarle area and economy. … For Favorite Real Estate Company, Nest Realty Group (the firm in which I am one of three partners ) got the nod as #3 . 1 and 2 were Roy Wheeler and Real Estate III respectively. … At the time of voting, we were a six-person firm ( now 8 ) versus 96 and 221 .* I was further surprised to have been voted the #3 Realtor by their readers.

Friday Chart – Price Changes in Charlottesville MSA – 12-4-2009

in Friday Market statistics on December 4, 2009 December 4, 2009

Looking at a wider timeline, this time 1 November through 4 December 2009 and 5 December 2008: For 2009 versus 2008, for the previous seven days – there were 262 price changes this year versus 157 during the same time period last year.

… PDFs : Price changes – Charlottesville MSA – 2009 Price changes – Charlottesville MSA – 2008 The data below is still not as accurate as it will be, as the Charlottesville and Albemarle real estate markets do not have (and didn’t in the “boom” years) sufficient transactional volume to make all of these charts as trend-able as they are in other markets. … Frames not supported * “Condo” in this context = attached + condo Frames not supported Frames not supported Frames not supported If you’re interested in receiving these reports every month, please sign up below. Honestly, I think these charts are useful and cool; while they are still a work-in-progress as the data is still being analyzed, I think the trend lines are becoming more accurate.

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