The 2010 Central Virginia real estate market was the tale of two halves. The first half was pretty good: sales were up, inventory levels were steady, buyer interest was frantic in some neighborhoods, it wasn’t uncommon to hear about multiple offer situations. Total home sales were actually up year-over-year during the first 6 months of…
Check out our December 2010 Charlottesville Real Estate Market Snapshot. Overall, sales dipped again (down 32%) in November 2010 from November 2009. This marks the 5th straight month of year-over-year sales declines. Surprisingly enough, although total sales were down 32%, the total volume of transactions was down much less (about 15%). Several large purchases pushed…
We’ve been hinting about it for a few weeks (and working on it for a few months), but we went live yesterday with our BETA version of our Nest Market Reports section. Since we launched our site, we’ve been posting market reports on our blog, The Nest Report. However, this is something a little different.…
I’ve had a few requests to put up the charts we referenced in our October 12th post on Albemarle County real estate sales and inventory by price point. So, here you go…these are for single family homes in Albemarle County: $0-$250,000 (more…)
We all know that real estate is local. Taking national stats and trends and trying to apply them to our Charlottesville real estate market isn’t always relevant. Along the same lines, stats and trends in our overall local market don’t always translate to smaller sub-categories and market niches. For example, if you’re selling a $400,000…
Unfortunately, the theme seems to be ongoing. September 2010 real estate sales in the Charlottesville area market were down from last September. After 9 straight months of increased year-over-year sales, this marks the 3rd straight that we’ve seen a y-o-y decline in total sales. So, let’s take a quick look at September to see what…
After a brutal July, single family home sales in Crozet bounced back in August 2010 to levels on par with 2009. July 2010 sales for single family homes dropped from 18 in 2009 to just 9 in 2010. This was a huge shock to the market – as sales in Western Albemarle typically thrive during…
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,…