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“What’s this House Worth” in the First Week on the Market

in Video on January 18, 2022 January 18, 2022

Comps and Psychology When Trying to Determine A Home's Value in the First Week on the Market Hey, Jim Duncan, Nest Realty, RealCentralVA. When a buyer says, "what is this house worth that came on the market yesterday?" f it's a highly desirable property, my answer oftentimes is I, I don't know. It's that first one to five days where the question for buyer is...

Will Accept Offers …

in General Real Estate on January 16, 2022 January 16, 2022

The shifting Charlottesville real estate sellers’s market in Winter 2022. Will accept offers until …

Stepping Back into Video – January 2022

In 2021 in Charlottesville and Albemarle, 2,914 homes sold with an average of 30 days on the market, and an average price of $522,000. In 2020, those numbers were 2,503, 54 days on market, and the average price was $499,000.

So I’m trying something new and also going back to our roots for 2022. I did these years ago and I’m gonna start again. Weekly-ish video updates on what’s happening in the Charlottesville and Albemarle real estate market, talking about supply, demand, market insights, and thoughts about what’s happening in our market, and what’s likely to happen in 2022 and beyond.

A Bit of Early 2022 Charlottesville Area Real Estate Market Data

in Market statistics on January 7, 2022 January 7, 2022

tl;dr: homes prices are up, demand is solid, interest rates are nudging up, inventory is low, and great representation is crucial.

Monthly Note Archives | December 2021 | Technology, lessons, two buyers and one house

in General Real Estate Monthly Notes archives on January 7, 2022 February 15, 2022

Jim Duncan’s Monthly Note. Discussion about 2022 real estate market, technology, a couple lessons learned, two buyers and one house.

Monthly Note Archives | November 2021 | Smoke Hoses Wallpaper, not Discriminating

in Monthly Notes archives on December 13, 2021 December 13, 2021

Archives of my subscription-only monthly notes. This is for November 2021. Interested in not waiting a few days to read it, and want it straight to your email? Subscribe here. For the re-posts here on the blog, I don’t do much formatting/changing as I’m more concerned about simply having the content here forever (because I own the blog, and I don’t own Substack. If you're...

How Fast Are Homes Selling in Charlottesville? in November 2021

in Market statistics on November 16, 2021 November 17, 2021

Watching this week's Altos market update video made me curious.* How many homes in Charlottesville + Albemarle are going under contract immediately, as in, in 1 day or less? So I ran the numbers, because just a top-level look doesn't tell the story. In Charlottesville & Albemarle: — 2,232 not-new construction contracts were written between January 1 2021 and November 14 2021 - 129 had...