Believe it or not, they are. Removing condos from the equation –
In Charlottesville/Albemarle/Fluvanna/Greene:
141 properties sold in October 2006.
185 sold in October 2005.
196 in October 2004 and
194 in October 2003.
Putting condos back in the mix, as they have become the de facto choice for many seeking affordable housing, the numbers change a bit:
161 properties sold in October 2006.
203 sold in October 2005.
197 in October 2004 and
196 in October 2003.
Why only October? October is the most recent full month with closed transactions. Looking at the data through such a narrow window is bound to raise as many questions as it answers, but hopefully this helps provide a little bit of perspective for where we are. If you’re a first-time homebuyer, now would be a good time to start looking.
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Without condo’s the difference is 44. With condo’s the difference is 41.
Maybe I’m not understanding. Those numbers (2005 to 2006) between condo’s not included and condo’s included don’t seem like a significant difference.
True, but the difference in 2006 & 2005 versus 2004 & 2003 is more significant – showing that the condo trend has picked up in the past 2 years. If I were to run the quarterly numbers (which I’ll do in a few days) the numbers would be a bit more dramatic.
I understand now. I was making the wrong comparisons. Thanks for the clarification.