30 Minutes on Where the Charlottesville Real Estate Market Actually Is
Greg Slater and Jim Duncan sit down for a wide-ranging discussion on the shifting Charlottesville and Albemarle County real estate market. From inventory doubling over the last 24 months and 7%+ mortgage rates to seller recency bias, inspection friction, and pricing reality, here is the raw conversation in two parts, complete with annotated notes, data, and historical context.
Quick tips for Buyers and Sellers in Charlottesville
We've started doing quarterly conversations about the Charlottesville real estate market and I'm testing what works best for both reach and posterity of the information. I like being able to look back and see what I've been right about, and what I've been wrong about,…
Buying a House without Seeing It
I was going to save this for my monthly note, but felt like writing today. I know I've written a variation of this story, and think I talked about it on a podcast, but here we are. I suspect many of my clients have heard…
Mortgage Rates, Demand, and Supply in Charlottesville Real Estate
Mortgage rates around 5%? What does that mean to buyers and sellers in Charlottesville? https://youtu.be/xl-bntDRtCs It is end of March, 2022. And interest rates are hovering around 5%, and this is the first time in memory that they have sustained around that number. And…
Comparing New River Valley and Charlottesville Real Estate Markets
We're trying something new - a new video series where we're going to talk about our markets, similar and different trends, and topics relevant to our respective viewers and readers. Friend, colleague, fellow Nester, Jeremy Hart. We talk home velocity, respective median home prices, and…
Winning and Losing Offers in the Charlottesville Real Estate Market
I've written before about winning and losing offers. The early 2022 market is not showing many signs of relief for buyers. Hey, Jim Duncan with Nest Realty, RealCentralVA.com. Give you some numbers, 4 6, 6, 8, 12, 15, 18, 19. I've had buyer clients…
“What’s this House Worth” in the First Week on the Market
https://youtu.be/mu355YzrPiE Comps and Psychology When Trying to Determine A Home's Value in the First Week on the Market Hey, Jim Duncan, Nest Realty, RealCentralVA. When a buyer says, "what is this house worth that came on the market yesterday?" f it's a highly desirable property,…
Stepping Back into Video – January 2022
What's old is new again. I did videos a decade ago. Now I'm doing them again. I'm older, video is higher definition, and the goal remains the same: share interesting and relevant information about the Charlottesville real estate market. https://www.youtube.com/watch?v=P1C25Qfr4vE Looking forward to 2022 Charlottesville…
Buying a Home in Charlottesville – Title Insurance
Update September 2023 - this is an old post and video, but I still refer to it often. I have been meaning to do this video for years; the question of title insurance always seems to be a surprise at the closing table, and buyers…
When Buying a Home, Manage your Credit Wisely
Why not to get credit cards in the time leading up to buying a home. (more…)