tl;dr: homes prices are up, demand is solid, interest rates are nudging up, inventory is low, and great representation is crucial.
A Bit of Early 2022 Charlottesville Area Real Estate Market Data
Monthly Note Archives | December 2021 | Technology, lessons, two buyers and one house
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
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
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...
Two (New) Questions to Ask about Internet Service
Questions buyers should ask about internet connectivity about data caps and data usage.
Zillow Out of iBuying – This Means little to Charlottesville Real Estate Consumers
Zillow are out the home buying business, while their current Zestimates are often more accurate than ever. Sometimes, the Zestimates are completely wrong. Right now, the human algorithm is more accurate than Zestimates. But for how long? Good for them for trying, failing relatively quickly, and recognizing that failure and cutting their losses quickly. I feel terrible for the 25% of their workforce getting laid...
October 2021 Note | A different market update, Kids Work, & a Wedding
Archives of my subscription-only monthly notes. This is for October 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...