A few months ago, we took a closer look at inventory levels for homes throughout Charlottesville and Albemarle County. Since I’m a big believer that inventory levels are a predictor of future real estate values, I’d like to take another look…this time for single family and attached homes in Albemarle County. As you may recall, [...]
As we all know, the National Ground Intelligence Center (NGIC) is bringing a lot of jobs to our area – some are estimating 1000…and maybe more. And with those jobs is increased promise that the influx of jobs will help boost the Charlottesville real estate market. Is that a crazy thought? Absolutely not. Real estate [...]
The snow has finally melted (well, most of it) and the Spring Market is in full swing in Charlottesville. We’ve actually been seeing some positive signs in the marketplace, including some good news nationally, some encouraging trend lines, and even a fair amount of multiple offers on well-priced properties. For the first time in about [...]
With the exception of a small few, every homeowner in Charlottesville and throughout the country is looking for positive real estate news. As compared to 2009 – when there wasn’t much – we’re starting to see some good news starting to trickle in…and that’s a good thing. REAL Trends just reported that Long and Foster [...]
Albemarle County detached home sales continue to suffer a bit, according to January Charlottesville home sale stats. Average sale price and median sales price fell from both 2008 and 2009 levels, while Days on Market increased over 42 days from 2009 levels. However, there were some positive signs. January sales of Albemarle single family homes [...]
Nest have released our year-end Nest Report, what we believe to be the most “comprehensive and transparent analysis of the residential real estate market in Charlottesville, Albemarle and surrounding counties, prepared quarterly by Nest Realty Group.” Download your copy here – 2009 Year End Nest Realty Group Nest Report (PDF) Please let us know what questions, comments or clarifications you have. Jim Duncan is one of the founding partners of Nest, Associate Broker and is a Charlottesville Realtor who writes at RealCentralVA , RealCrozetVA and AgentGenius .
I was watching a great video recently featuring real estate guru Steve Harney. Steve is a mastermind in real estate trends…and even more masterful in taking complicated economic data and simplifying it for everyone to understand (including me, the Uva English major). I’ve had the fortune to see him speak twice in the last six [...]
Now let’s take a look at some market statistics for single family detached homes in the City of Charlottesville. In real estate, we talk a lot about ‘Location. Location. Location.’ Typically, property values hold their values more in areas that are located closer to urban and employment centers. Charlottesville is definitely the cultural and economic [...]
Single family home sales in Western Albemarle (which includes Ivy and Crozet) seem to be showing some positive signs over the last few months. Total sales per month were higher in 4 of the last 5 months of 2009 as compared to 2007 and 2008 sales. A few more quick Charlottesville real estate statistics: – [...]
At Nest Realty, we always spend time analyzing Charlottesville real estate market statistics to see what has happened, what is happening, and what may happen within our local market. We’ve been taking a look at moving averages and moving medians in our market recently. It’s always telling to look back at these charts and see [...]
