Home Sales Trends in Virginia – From Virginia Association of Realtors
I was on the Virginia Association of Realtors' third quarter conference call this morning. There were very interesting and often divergent outlooks from the different regions of the Commonwealth.For the purposes of this report, Charlottesville is in the "Central Valley" Region, which includes: Albemarle, Augusta,…
Charlottesville Area Real Estate Market Report – Third Quarter 2010
Just released by the Charlottesville Area Association of Realtors, the Third Quarter Real Estate Market Report provides a reasonable high-level overview of where we are. I'm parsing it now ... Realistically, this report likely doesn't speak to you if you are actively considering buying or…
Closings Down in July in Albemarle and Charlottesville
If the fact that home sales are down, relative to previous months and years, comes as a surprise to you, you probably haven't been paying attention. Contracts were down in June and July in the aftermath of the government's homebuyer tax credit. Thus, closings were…
Friday Charts – Median Price in Charlottesville MLS
There is a tendency to watch real estate market data too closely ... paralysis by analysis is all too common. Interest rates, mortgage applications, foreclosures ... there is so much to watch, evaluate, interpret and analyze. Some of the data and analysis are useful, some…
Charlottesville Area Year-End Market Report
I'm still in New York for the Inman Connect conference, but wanted to post the Charlottesville Area Association's year-end real estate market report. More analysis to come, as well as the forthcoming Nest Report. Charlottesville Area Association of Realtors Market Report 2009 Delve in, ask…
Possibly Completely Unfounded Market Analysis
Looking at properties in the $600,000 to $950,000 price range, I noted that several homes were still on the market after extensive days on market. From the original asking prices, the prices had been reduced anywhere from $13% to 16%. Ergo - is it reasonable…
Updated Market Report for Charlottesville Region
Very little has changed since last month's market report. Coming next week - Is NOW a good time to buy or sell a home in the Charlottesville area? As I said last month: Make no mistake - properties are absolutely selling right now. However, those…
New Construction, Median Sales Prices and Sales Volume for Central Virginia
Will Goldsmith (one of the most reliable and best reporters in the area) at C-Ville originally reported Albemarle's release of their second quarter building report. Real Cville notes that that new construction permits in Albemarle County are down significantly, as is sales volume. The impact…
A Market “Retort”
The Charlottesville bubble blog, in inimitable style, posts their first-half 2008 Market Retort. Their prediction to a recovery? 2010. A clarification on their stats: There are 2595 properties on the market in the Charlottesville area, and 239 sold in July 2008, when defined as Albemarle,…
2nd Quarter Market Update for Charlottesville Region
Very little has changed since last month's comprehensive market analysis, published just over a month ago. First, a quick look back at my responses to the calls of "bottom" over the past eighteen months. (photo courtesy) - The market is a bit like the axiom…