1 – Take pictures now. 2 – Start conserving energy and water. “How much does it cost to operate this home”? is one of the most common questions buyers are asking now. 3 – Do…
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Using New Technologies – Does it Help my Clients?
Seth Godin notes: When you talk about your market or your peers, do you say, “no one is using it…” or “no one is using it yet”? Yet implies inevitability. If they’re going to use…
More about the Mortgage Interest Deduction
(Did you know that you can subscribe to updates from RealCentralVA? It’s easy to subscribe.) This is a good article in today’s HooK that succinctly defines the debate about the Mortgage Interest Deduction.* So what…
Albemarle County Real Estate Market Update – August 2011
What’s happening the Albemarle County real estate market? Lots of stuff. Perhaps the two most relevant posts I’ve written in the past few weeks are these:
– Goodbye, 0-5 Buyer -OR- Finance a House or an Education? in which I discuss the elimination of the short-term homeowner and this effect on the Charlottesville area real estate market
and
– Categorizing the Charlottesville Real Estate Market – in which I break the market down into four segments – from distressed to price aggressively.
This is just a reasonably high-level overview of the Albemarle real estate market. But … this matters little to you if you’re looking for a home in Albemarle, start your home search here. If you’re curious about what’s happening in your location in Albemarle, or are currently searching for homes for sale in Albemarle, please feel free to contact me anytime with questions.
Sold listings are down in Albemarle County year over year:
See also:
Charlottesville MSA Real Estate Market Update – 30 August 2011 – How this matters to You
City of Charlottesville Real Estate Market Update – August 2011
The City of Charlottesville Real Estate market continues to be slow. Download the City of Charlottesville Detailed Real Estate Market Report A balanced market is still a ways off.
As I noted in 2006 (Good Lord, it’s been that long that we’ve been searching for a bottom?!)
How do we know that the housing “bust/correction/adjustment†(how about “changeâ€) is over? My answer – when we are able to look back from a perspective of nine to eighteen months and say, “see, here are the data, this is the trend of where we were, and here is where we are.†Until then, speculation about every move – a move of any kind - of the market is just that – speculation, even if it’s educated speculation.
This is just a reasonably high-level overview of the City of Charlottesville’s real estate market. If you’re curious about what’s happening in your location in Charlottesville, or are currently searching for homes for sale in Greene, please feel free to contact me anytime with questions.
Sold listings are up ever so slightly in the City of Charlottesville year over year:
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Greene County Real Estate Market Update – August 30 2011
What does this mean? It means simply that the Greene County real estate market – and Greene County itself – is becoming more self-sufficient and independent of Charlottesville-Albemarle (CharlAlbemarle). People are choosing to buy and live in Greene County and don’t have to commute into the City of Charlottesville or Albemarle to work. I’d *love* to see updated commuting data from the US Census.
This is just a reasonably high-level overview of the Greene County real estate market. If you’re curious about what’s happening in your location in Greene, or are currently searching for homes for sale in Greene, please feel free to contact me anytime with questions.
Sold listing volume is down just a bit in Greene County year over year:
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Categorizing the Charlottesville Real Estate Market
The Charlottesville real estate market can be broken down into at least four categories.:
– 20% distressed
– 20-30% is overpriced
– 20-25% is stuff that no one wants to buy
– 20% is in great condition, priced really well and is selling in under 60 days. *
* “Right now” is Tuesday, 2 August. In the Charlottesville MSA, there are 2312 homes on the market, 482 properties are under contract. 266 have Days on Market of under 60 days. 257 have Continuous Days on Market of under 60 days.
Further, just because I was curious, 766 properties on the market have been on the market for under 60 days.