Charlottesville Market Reports

Barracks, Rio, 29 North, and Earlysville Home Sales Holding Through July

With the fairly significant drop in home sales throughout Charlottesville and Albemarle County in July, many sellers are beginning to become wary of their ability to move their home in 2010.  Some pockets of Charlottesville continue to chug along, though.  Real estate in the Albemarle High School District (which includes Barracks Road, Rio, 29 North,…

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Albemarle Single Family Home Sales July 2010

The last 12 months (8/09 – 7/10) of single family home sales in Albemarle County show a big jump over the previous 12 months (8/08 – 7/09).  The most recent 12 months reflect an over 16% jump in total Albemarle County single family home sales (717 vs. 616).  However, sales in July of 2010 dropped…

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Charlottesville Single Family Homes Real Estate Market Update

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…

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Albemarle County Real Estate Inventory Levels

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,…

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Charlottesville Real Estate: The NGIC Effect on Our Local Real Estate Market?

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…

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March 2010 Charlottesville Real Estate Market Update

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…

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Charlottesville Market Snapshot: January 2010 Albemarle Detached Homes

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…

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Year-End Nest Report Released

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…

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Charlottesville Real Estate Market Statistics

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…

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Charlottesville Real Estate Market Stats: One Year Moving Median

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…

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