A very interesting conversation with Jack Marshall, president of Advocates for a Sustainable Population (ASAP). [no, not that ASAP] Listen to the discussion at Charlottesville Podcasting Network. One would think that with the money ASAP…
Posts tagged 22902
Nest’s Mid-Year Real Estate Market Report
Today, Nest Realty Group released our first mid-year market report. Personally, I am excited about this because it represents one of the reasons we originally partnered – to produce more thorough and comprehensive real estate…
Charlottesville Area Association of Realtors’ 1st Quarter Market Report
A balanced market should have a DOM of approximately 90, but we have not been in that range since 2006. 1st Quarter Average Days on Market County 2005 2006 2007 2008 2009 Albemarle 64 70 116 135 113 Charlottesville 72 62 75 141 167 Fluvanna 70 79 108 135 127 Greene 67 76 99 90 92 Louisa 114 119 158 110 70 Nelson 73 83 118 152 164 Orange 89 83 95 125 163 Area Average 75 80 107 132 134 Central Valley 126 143 144 *includes sales outside the counties listed **numbers courtesy of the Greater Augusta MLS New Construction Still Slow It is important to note that many “new†homes are not included in CAAR MLS statistics. … As expected, the average costs per square foot have decreased in every area covered in this report. 2005 2006 2007 2008 2009 1st Quarter Price Per Square Foot County 2005 2006 2007 2008 2009 Albemarle 155 173 174 176 155 Charlottesville 172 186 186 193 159 Fluvanna 121 141 135 137 122 Greene 133 148 157 147 134 Louisa 122 146 142 153 114 Nelson 193 232 206 197 176 Orange 133 175 195 129 110 Area Average 150 169 166 163 140 Central Valley 131 121 117 *includes sales outside the counties listed **based on CAAR MLS data Condos and Townhomes The sale of attached homes is only reported in Charlottesville and Albemarle because very few properties in this category are located in other counties, except Nelson.
Walker Square, the market and one other thing
Walker Square would be well-advised to address their customer service and management issues. This is the type of publicity that will 1) impact their ability to rent, 2) their ability to sell their condos and 3) the ability of the owners to sell their condos…. They better watch out – once the furor begins, they might have to act.Read more than the headlines when assessing the housing market news. Might this be a bellweather?On the other hand, investors in homebuilders aren’t too impressed by Seiders’ “orderly” cooling…. Horton (DHI), KB Homes (KBH), Lennar (LEN), and Pulte Homes (PHM) all closed lower than the day before. All of their stocks are down between 35% and 50% from their peaks last year.Jim Bacon has some interesting take-aways from the recent blogging summit in Charlottesville…. Ethics and trust form part of the foundation of a successful blog, be it a political blog or a business blog.UVA’s $2 Million Crosswalk – at least it will be built rather than planned, studied, planned, debated and then deferred until the next election cycle.UVA’s beTech is fast becoming one of my favorite (local) blogs. I have no idea why on VAR Contracts, there is a place for buyers’ and sellers’ SSNs – I tell all of my clients to leave that space blank.