This article was written by Nest agent David Ferrall for the Crozet Gazette… 2012 was a big year for local real estate. The Charlottesville MSA (metropolitan statistical area) saw a sales increase of 15% over 2011, and in the first quarter of this year experienced the 7th straight quarter of year-over-year sales increases. Reason to…
Charlottesville Market Reports
Q1 2013 Charlottesville Real Estate Market Report
We’ve released our Q1 2013 Charlottesville real estate market report. Overall, the market continues to move in a positive direction. However, the first quarter produced some mixed messages in the marketplace. For example, even though overall sales were up, home sales in Albemarle and Charlottesville were down. Year-over-year median prices were down in most market…
Charlottesville Real Estate Market Report: Q1 2013
Total Sales: Total Q1 2013 sales grew marginally as compared to last year (516 vs. 514). However, buyer demand is strong: 1 out 3 of the Q1 homes sales went under contract in less than 30 days. Inventory: Levels have increased in almost all major submarkets. Based on improved market conditionsand increased buyer demand, more…
Old Trail Home Sales Strong in 2012
In many ways, Crozet’s Old Trail was the region’s real estate bubble poster child. Launched in 2005, demand and home sales ramped up in a frenzy in the community’s early days. Initial home deliveries were in late 2005 and Old Trail tallied 13 sales in the final 2 months of 2005. Then sales went off…
2012 Crozet Real Estate Market Overview
The following was written by Nest Realty’s David Ferrall for the Crozet Gazette: We survived the Cliff, and there are now vague rumblings about the Ceiling. But the bumbling partisan missteps in Washington currently hold no sway over the Crozet real estate market. 2012 was a banner year for local home sales, the 244 total…
Year-To-Date 2013 Charlottesville Real Estate Market Update
In regards to Charlottesville real estate, we closed out 2012 with a bang. Sales were up. Median prices were up slightly. And inventory was down significantly. As we are about 50 days in 2013, let’s take a quick look at where we are as compared to last year… Overall, the Charlottesville area market is looking…
2012 Albemarle County Real Estate Market Update
Along with the City of Charlottesville, Albemarle County is one of the two core markets for the Charlottesville MSA. And just like the City of Charlottesville, Albemarle County home sales are trending in a positive direction. Here’s the synopsis of the the Albemarle County real estate market in 2012: Total sales increased to 1281 home…
2012 City of Charlottesville Real Estate Market Update
The City of Charlottesville real estate market bounced back with vengeance in 2012. After shaky years in 2009 and 2010, 2011 brought a combination of up and down signals in the marketplace. However, almost every major market trend line was positive in 2012. To start with, total sales in the City of Charlottesville increased from…
2012 Ivy Real Estate Market Update
We touched on the Crozet real estate market last week. Now, we’ll focus on the other half of Western Albemarle: Ivy. Ivy has always been a bit of an anomaly in the local Charlottesville real estate market. Why? Whereas each sub-market of the local Charlottesville MSA has pockets of higher end properties, Ivy has a…
2012 Crozet Real Estate Market Update
2012 was a strong year for Crozet home sales. Compared to 2011, sales were up almost 28% (from 190 to 243). The 243 home sales in Crozet represents the highest number of sales in the last 5 years. This significant gain can be tied to a lot of factors. Most notably, new construction numbers made…