Browsing Category Market statistics

New Charlottesville MLS Market Reports

in Albemarle Market statistics on

Our MLS, Solid Earth, has just released some new statistical reports. They’re pretty darn great. Unfortunately, they are for the entire MLS – not just Charlottesville, Albemarle, Fluvanna, Greene, Lousia and Nelson. As far as I can tell – this is the Moving Median Price for the past five years for the entire MLS … which incorporates way more than just the Charlottesville MSA. Charlottesville MLS Moving Median Prices for past 5 years And this is the the Moving Average for the past five years: Charlottesville MLS Moving Average Prices for past 5 years

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Charlottesville Real Estate Market – Inventory Update 2010

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Not much has changed since I wrote in August of 2009 that regarding the Charlottesville real estate market, We Don’t Know What We Don’t Know . … What new construction in Charlottesville is going to do in 2010. (how many building permits, how many builders, what Ryan Homes are going to do – read: continue their dominance) What the hell the government is going to do with their incessant manipulations of markets through home buyer tax credits, foreclosure moratoriums, cramdowns of loans …

… Charlottesville MSA unemployment rate For an example of why national and other regions’ real estate analyses and forecasts just aren’t relevant when you’re trying to get a handle on the Charlottesville real estate market, take a look at this analysis from Ventura County, California : Some of the home buyers in Ventura County have lost the excitement of home shopping. … Cash buyers, and home buyers with 10-20% downpayment, have a strong advantage of being much more likely to have have their offers accepted.

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Quick Charlottesville real estate market update – End of 2009

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Just for residential real estate in the City of Charlottesville and the County of Albemarle – Housing inventory for Charlottesville-Albemarle Predictions and Prognostications: The “bottom” of the Charlottesville real estate housing market may come in the third or fourth quarter of 2010. … I have no idea, and if I told you, I’d be lying. 2010 is likely to bring more moderated prices, with increased transactional volume. 2010 will see higher interest rates, that will still be remarkably low. … Please let me know if you would like to see any specific information or data) More on Home Sales – Charlottesville/Albemarle Charlottesville Albemarle housing market inventory 2006 Charlottesville Albemarle housing inventory 2006 2007 Charlottesville Albemarle real estate inventory 2007 2008 Charlottesville Albemarle real estate market inventory -2008 2009 Charlottesville Albemarle housing market - 2009 More on Home Sales – nationally New-Home Sales Drop 11.3% As Impact of Stimulus Fades Home Sales up as Buyers Respond to Tax Credit – National Association of Realtors (read with the biased grain of salt) Why U.S.

…For the new-home sales, the decisions were made in November, when there was no such scramble to qualify for the tax credit.

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Friday Chart – Price Changes in Charlottesville MSA – 12-4-2009

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Looking at a wider timeline, this time 1 November through 4 December 2009 and 5 December 2008: For 2009 versus 2008, for the previous seven days – there were 262 price changes this year versus 157 during the same time period last year.

… PDFs : Price changes – Charlottesville MSA – 2009 Price changes – Charlottesville MSA – 2008 The data below is still not as accurate as it will be, as the Charlottesville and Albemarle real estate markets do not have (and didn’t in the “boom” years) sufficient transactional volume to make all of these charts as trend-able as they are in other markets. … Frames not supported * “Condo” in this context = attached + condo Frames not supported Frames not supported Frames not supported If you’re interested in receiving these reports every month, please sign up below. Honestly, I think these charts are useful and cool; while they are still a work-in-progress as the data is still being analyzed, I think the trend lines are becoming more accurate.

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