As just about every segment of the Charlottesville real estate market seems to be slipping each month, there aren’t many bright spots. Sales in Albemarle County in August were off about 45% from last August Charlottesville City sales were off about 20% from last August Sales in the Charlottesville MSA were off about 30% from [...]
So, we’ve had a lot of negative real estate news recently. Over the last month, we’ve looked at dismal home sales in Charlottesville, Albemarle and Central Virginia in July. Last week, we got the NAR report on July home sales. And now, as we turn the calendar to September, we see the home sales continue [...]
Located just off of Polo Grounds Road on Route 29, Montgomery Ridge features single family homes on lots ranging from .5 to 1 acre. This secluded neighborhood of 53 home sites has both homes and lots still available. Montgomery Ridge homes are just minutes away from the Hollymead Town Center, Route 29 Shopping, NGIC, GE, [...]
If you’re a loyal reader of the Nest Report, this post may sound a little familiar to you. To give a little background, we’ve been scouring through Charlottesville real estate market data from the first 7 months of 2010…and comparing sales statistics to year’s past. This time, we’re taking a look at single family home [...]
With a fair amount of uncertainty in the Charlottesville real estate market, there are still a few bright spots. Located in Crozet, single family home sales in Old Trail over the last 12 months are up 60% from the previous 12 months (24 vs 15). Construction activity is up with a combination of custom homes [...]
We spend a lot of time looking at stats at Nest. We also spend a lot of time talking amongst ourselves about how the market ‘feels.’ The general consensus among our agents is that the market feels pretty soft…and we have some statistics to back up that feeling. For example, market-wide, showings are down showings are [...]
2010 is trending to be a decent year in real estate…so far. Well, maybe I should re-phrase that: it’s not any worse than 2009. We continue to hear some troubling news regarding foreclosures and defaults on a national level (stay tuned to the Nest Report later this week), but positive signs and trends continue to [...]
I know we’ve got a few loyal readers out there who live for our market reports…and to you we apologize for the delay in getting our most recent report up. Thankfully for everyone, April was one of the busiest months we’ve had in a long time. The expiration of the tax credit caused a lot [...]
