Days On Market Matter in Charlottesville

in Market statistics on

Slightly longer answer – I’d also wager that of those 47 homes that went under contract in the first 30 days, their selling price is probably closer to the original asking price than those homes that were put on the market 120 days ago.

… Think about it – while you might put your home on the market for $400k and it’s really worth $370k, the buyers know this . You likely won’t sell your home in the timeframe you need or want to; when you reduce your price to $380k in three months, you’ve (probably) been making mortgage payments and delaying the move to the next phase of your life that is dependent on selling your house.

…Schools in the Charlottesville area start around the third week of August (Albemarle – PDF), and we have about three months left before the annual doldrums set in.

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Charlottesville Twitter Week in Review

in Albemarle Charlottesville sideblog Twitter on

Haven’t made time yet to figure it out. in reply to ProfessionalOne # Looking for things to do near Nationals Stadium during the Dave Matthews concert tonight. … # RT @ bbalm : I really loved that spot for the Albemarle County Fair 🙁 It’s been great being on the Ferris Wheel (cont) https://tl.gd/2mb5nv # You can’t make this stuff up. … # Real estate blogging ain’t rocket science https://bit.ly/dALe79 cc: @ robhahn # Reconciling the difference b/t what one thinks a house is worth & what the market thinks it’s worth is a difficult thing. … # Missing the # cvilletweetup but spending time with my kids. # win # RT @ TBoard : ntflix now has 15 million users. does that mean we need to figure out some way to use our accounts for marketing?

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June and July Contracts and Closings in Charlottesville and Albemarle (2010)

in Friday on

We’re still reeling from the effects of the homebuyer tax credit and relaxing in the traditional late-summer lull, but I think we may see a pickup this August and September. I also think we may be in the eye of the hurricane.

… the numbers don’t add up because three of the 192 were “proposed” – meaning new construction. They’re not supposed to count towards the numbers, but such are the vagaries of the MLS.

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Where The Kids At?

in Albemarle Charlottesville General Real Estate on

One of the most common criteria I get from families looking for homes in the Charlottesville area is – We want to live in a neighborhood that has a lot of kids .

…So a broker who says something like, “There are tons of little kids in this building neighborhood “it’s really family friendly” could be accused of specifically steering families to the building and driving people without children away from it.

Really.

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Renovating an Historic Home? The Commonwealth of Virginia wants to Give you Money.

in Green on

Frankly, as an architect who has specialized in building rehabilitation, renovation, restoration, and repair for nigh on 22 years, I share a sentiment that pervades the historic preservation community, including the staff at the Commonwealth Department of Historic Resources: This is free money.

…The house must be a) listed on the Virginia Landmarks Register or b) a “contributing structure” to a Virginia Landmarks Register District or c) judged “register eligible.” … If Landmark District designation is officially pending, and your house is listed as contributing to that District, you may proceed with your rehabilitation project. … Oh, if, at any point during this process, you cannot resist the urge to paint your house lime green, or international orange, or white with red polka dots, there’s no rule or regulation or tax credit standard that will stop you from doing so.

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UVA Poised for Tremendous Growth

in Albemarle Charlottesville UVa on

“If we can reduce the number of parking spaces needed, then we can save that land for a higher and better use, which for us would be classrooms,” said Julia Monteith, UVa’s senior land use officer, at Wednesday’s meeting of the regional Metropolitan Planning Organization. … As part of the program, the school’s transit service entered into a reciprocity program with the Charlottesville bus system, started a car-sharing program and made it cheaper for those who carpool to park. … “ Instead of just focusing on how cars move around Grounds, we [wanted to] be able to look at more multi-modal transportation and be thinking about this in more of a forward-thinking way ,” Monteith said. … If we could just get the City of Charlottesville and the County of Albemarle to look forward in a similar way – focusing on doing rather than studying – we would all benefit.

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I Tried to Show a House This Weekend

in Public Perception on

The lockbox doesn’t work and apparently hasn’t worked for many months; another Charlottesville Realtor told me that he had tried to show the house five times, to no avail … seven months ago. … But I’m left agreeing with my clients that the Realtor isn’t doing his job, that the house might have been worth something nine months ago. … Think about this – nearly 28% of the houses currently on the market in the Charlottesville MSA are vacant – that’s about 700 homes. … About 155 homes have been on the market for at least a year . 72 of these vacant homes have been on the market for at least 600 days.

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