Posts Published by Jim Duncan

A Charlottesville Realtor who tries to stay on the bleeding/cutting/functional edge of technology and real estate trends. I have been selling real estate for the past 10 years, lived in C'Ville for twenty+ and am married to one of few Charlottesville natives left.

Where to Search for Rentals in Charlottesville

Courtesy of the C-Ville blog citing a newsletter from the Charlottesville Area Association of Realtors – All those home builders banking on selling houses to new National Ground Intelligence Center (NGIC) employees may be in for a rude awakening.

… Posts of enduring interest for buyers This is where I point prospective buyers/renters – the rental market is far more fragmented with the “for sale” market – The HooK’s classifieds C-Ville’s classifieds Daily Progress Blue Ridge Apartment Council Craigslist Charlottesville MLS While I make my living representing buyers and seller clients, often it is in their best interest to rent for at least six months to get a feel of the area, a lay-of-the-land, if you will.

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Divorced Commissons, Greg Swann Style

While Greg and I don’t agree on a lot of things (I think the National Association of Realtors may be worth saving, he holds a special vitriol for them), one thing we share is a passion for having buyers pay their buyer representatives.

…It’s a novel concept: rather than have the buyer’s agent (and buyer) obligated to be paid whatever the seller may be offering, in the divorced commission model the buyer pays the buyer’s agent.

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(nearly) Third Quarter Market Report for Charlottesville Region

There are currently 381 homes under contract in Central Virginia: 41 have been on the market for at least 365 days, 102 have been on the market for at least 180 days and 163 have been on the market for at least 90 days but – 175 have days on market of at least 60 days 129 have days on market of under 30 days About 46% of homes currently under contract have days on market of under 60 days.

… Breakdown by locality – Days on market are up, year over year, average sales prices are up and median prices are about the same as 2007. 2008 Median-Prices-for-Charlottesville-Virginia-Region-2008 2007 Median-Prices-for-Charlottesville-Virginia-Region-2007 2006 Median-Prices-for-Charlottesville-Virginia-Region-2006 2005 Median-Prices-for-Charlottesville-Virginia-Region-2005 2004 Median-Prices-for-Charlottesville-Virginia-Region-200 Agent Update: Through 3rd Quarter 2008 : 80 had more than ten sides, 223 had more than five sides, 654 had at least one, leaving about 450 with zero transactions Through 3rd Quarter 2007 : 121 had more than ten sides, 297 had more than five sides, 740 had at least one, leaving several hundred (which is historically normal) with zero transactions Through 3rd Quarter 2006 : 166 had more than ten sides, 338 had more than five sides, 792 had at least one, leaving several hundred (which is historically normal) with zero transactions Through 3rd Quarter 2005 : 182 had more than ten sides, 368 had more than five sides, 723 had at least one, leaving several hundred Realtors (which is historically normal) with zero transactions Through 3rd Quarter 2004 : 180 had more than ten sides, 334 had more than five sides, 654 had at least one, leaving several hundred (again, which is historically normal) with zero transactions For context, see the Second Quarter 2008 market report and all market statistics posts here.

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Crap

The Treasury Department is putting the finishing touches to a plan designed to shore up Fannie Mae and Freddie Mac, according to people familiar with the matter, a move that would essentially result in a government takeover of the mortgage giants. … Seriously – why does this have to happen (on a weekend, no less)?

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