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 houses (yet another argument for high-quality photos and videos in the Charlottesville MLS), sellers couldn’t get their houses ready or activated on the market … the consensus has been that February 2010 was going to be a pretty sorry month for home sales. … This clearly does not account for canceled contracts, contracts that fall apart due to home inspections, financing or appraisal issues …
Homes – single family, attached and condos – that went under Contract in February in the Charlottesville MSA* Homes – single family, attached and condos – that went under Contract in February in Charlottesville and Albemarle – 12 condos went under contract in February. 8 were foreclosures or short sales. … For Charlottesville and Albemarle in February 2010 for far: – 2 were new construction attached – 31 were resale attached – 0 were new construction single family detached – 64 were resale single family detached – 12 were condos – 0 were new construction condos (and yes, I added the above manually and they match the spreadsheet. 🙂 ) Charlottesville MSA for these purposes includes Charlottesville, Albemarle, Fluvanna, Greene and Nelson