Posts tagged greene county

Friday Chart – Good News – Charlottesville Housing Inventory Drops

I know, it’s Thursday, but I’ve been playing with numbers all morning … What follows is a sample of market reports to come in the coming days, weeks and months.

– We still have too much inventory
– New listings coming on the market appear to be trending down; this is a good thing
– I love market data, and this new tool looks promising. I’ll figure out best ways to use it as quickly as possible.
– I still don’t trust some of the data in our reports; the data is only as good as the systems and the people; days on market and “sales price to original list price ratios” are still skewed for a variety of reasons.
– “Greater Charlottesville” = Albemarle, Charlottesville, Fluvanna, Greene, Louisa, Nelson … look at these numbers for trending analysis only. Your market is local. Think about it … while a $200k two bedroom home in Belmont, a $750k home in Ivy and a new single family home in southern Greene are all included in these numbers … and all are affected differently by the market.

What questions do you have?

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Greene County Townhome Inventory to increase by 500+

When Greene County gets its 500+ townhomes, it will increase the number of attached housing in that county by many orders of magnitude. Townhomes in Northern Albemarle – Hollymead, Forest Lakes, Abington Place, Riverwood will be impacted by the entrance – and prospective entrance – of these homes to the real estate market.

For context, a quick look at the Charlottesville Area MLS shows that:

Over the past 21 years (in the MLS which is “accurate enough” for these purposes:

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Greene County Schools’ Growth

Harrisonburg City grew by an astounding 4.59%, but we outpaced Albemarle, Charlottesville, Louisa, Madison, Orange, Fluvanna, Rockingham, Staunton, and Nelson.

…I suppose that quite a bit of that growth can be attributed to NGIC/DIA as well as the fact that now that Greene has a Lowe’s and Super Wal-Mart people are more inclined to stay in Greene rather than always have to go to Charlottesville. Also, I’d bet that that Hollymead Town Center – Harris Teeter and Target – derives a fair amount of their traffic from southern Greene County.

…If you want a small farm to keep a pony for the kids or a nice vegetable garden, going north may be the answer.

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