TEDx is coming to Charlottesville 15 November 2013. n Friday, November 15th 2013, TEDxCharlottesville will host its first TEDx event, “The Difference That Makes a Difference†at The Paramount Theater in Charlottesville, Virginia with a…
Browsing Category Albemarle
Real Estate Prices and Interest Rates – National Real Estate News I’m Reading this Morning
Home prices seem to be rising in the Charlottesville MLS – keep in mind with this chart that it’s for the entire Charlottesville MLS.
Interest rates are rising, but let’s keep some perspective.
(thanks to Keith for the chart)
Here’s the thing – if you’re buying a home and you are confident you’ll be there for at least five to seven years (many of my clients now are looking at 15-20 year timelines), be aware of the potential for price drops, but also focus on what your total cost of ownership will be versus renting.
What’s the Most Popular Home Price Point in Charlottesville and Albemarle?
At a lunch with yesterday, I was asked, “what’s the most popular price point in Albemarle?” My professional instinct said “between $350k and $450k” but as always, I wanted to back that up with actual data.
Looking solely at single family homes in Albemarle County, about 40% of the active inventory is between $300k and $650k.
And the single family homes in Albemarle that have sold since the first of 2013, a greater percentage of the inventory has sold in the $300k – $650k price point than is active.
(if you’re curious to search the Charlottesville MLS for single family homes for sale in Albemarle)
Great. That’s what’s for Sale and Sold in Albemarle County; let’s look at the home price distribution in the City of Charlottesville – nearly 60% of the active inventory is priced between $220k and $500k.
Looking at the single family homes that have sold since the first of 2013 in the City of Charlottesville, I was a bit surprised to see the relatively lower price point distribution, but not that about 60% of the inventory had sold in that price point.
Look for yourself …
(if you’re curious to search the MLS for single family homes for sale in Charlottesville)
An Outsider’s Take on a Weekend in Charlottesville
All in all, this is a well-researched (and linked) story that shows what a weekend in Charlottesville (and Albemarle) could be if you had seemingly unlimited time, stamina and funds. Most can’t stay at Keswick, but most can get a cup of coffee at Shenandoah Joe’s.
Question – What Modern Homes Would Sell in Charlottesville?
What do you think?
I think there’s a real, untapped market for modern homes in Charlottesville. Latitude 38’s homes tend to look great and sell very well, for example.
I really like this home; this one, too. (not taking a photos from their site as I don’t have permission … despite it’s being “on the internet”).
The very first RoehrSchmitt Architecture creation, the Wall House is a 2,000 square foot urban infill home that was a great collaboration between the owners, architect and builder. The budget was tight and the expectations high, but working closely together the team was able to achieve the owners’ objectives in a crisp, modern package for less than $150 per square foot. The design is efficient and easily adaptable to other sites and contexts. We see it as a prototype for an affordable modern house on a typical urban lot – a loft with a yard.
As my research has evolved, I’ve finally found a reason to use Pinterest. Really. I’m saving my favorites both in Pinterest and Evernote, but Pinterest just offers a simple, efficient, clean way to save and display these homes.
I’m thinking a modern home like this would be more desirable …
… than something like this (although I am sure that this type of home would sell here – to the right buyer)
Rio Road to get Busier
I wondered in late 2011 what Rio Road would look like in 2016. In a word: busier. And with this news of more apartments, I’ll update my projection to “even busier” … here’s hoping someone’s thinking about planning to implement pedestrian and bicycle infrastructure.
Hikes around Charlottesville – Spy Rock
It’s easy to forget the incredible outdoor opportunities we have in Central Virginia. Living in the Charlottesville area provides so many opportunities … better to take advantage of them when you can.
One of our favorite hikes is Spy Rock in Montebello.