Charlottesville's Real Estate Blog. Buyer &/or Seller Representation, Real Estate News
OpenSpace’s growth is remarkable. More remarkable is the demand for access, for creativity, for an awesome place to work 24 hours day .
We are pleased to announce that 24×7 Access to the North Side (where the printer, kitchen, and work studios are) will be available to all Unlimited Members at NO ADDITIONAL CHARGE starting May 2011.
I’d say this is a bit more in-depth and in line with my readers’ expectations. Download the PDF: Nest Realty Group’s 1st Quarter 2011 Market Report
More stories after the break …
When I’m evaluating the Charlottesville area real estate market for my own professional edification and for my clients’ best interests, it’s crucial to be cognizant of national trends.
…I agree with Bill when he says, “I think high gasoline prices are the top risk for the U.S. economy right now.” – Down payment proposal could make a mountain out of a mortgage Requiring 20% down payments on all loans would dramatically reduce the buyer pool, and thus demand. And likely lead to lower prices and significantly lower volume of transactions. – Rental costs are about to Take Off – Will the 30 Year Fixed Rate Mortgage be eliminated ? – When I’m in the mood to enjoy some Maker’s Mark, drive my blood pressure higher and get interminably frustrated and feel impotent, I think I’ll rent “Inside Job” . * I still hold firm to the opinion that national real estate data trends – national levels of inventory, sales, volume, etc. – are irrelevant when discussing any local real estate market.
I was wondering when this would get out . Charlottesville* benefits tremendously by having two free, independent newspapers.
… Central Virginia’s two alternative weekly newspapers have merged under a new corporate structure that will allow the publications to continue publishing separate editions but combine business operations, company officials confirmed today.
*Charlottesville = Charlottesville, Albemarle, and the entire MSA
I’m working on some more charts and data to put the recent CAAR Market Report into the appropriate context. Writing a story/analysis that will speak to the broadest section of the Charlottesville real estate market is a nearly-impossible task as every buyer and seller has different situations, goals and life circumstances. When I consult with clients and potential clients, I provide more than financial and real estate guidance, but I try to offer life guidance as well, laying out different scenarios that they may not have considered. … Date range: Comparing 1 March 2010 – 11 April 2010 and 1 March 2011 – 11 April 2011 Single family homes: – far fewer homes have come on the market (163) – 11 fewer homes have gone under contract – 9 fewer have sold 
Attached homes: – 9 fewer have come on the market – 24 fewer have gone under contract – 6 more have sold in this timeframe 
Condos : – 1/3 fewer have come on the market – 8 fewer have gone under contract – 8 fewer have sold 
The answer to virtually everything in my world: it depends. Chiara Canzi at C-Ville wrote an informative article last week in which yours truly was quoted ; it is worth a read if you’re curious about real estate assessments’ impacts on market value.