Jim Duncan posted a great video of local attorney Tim Kelsey discussing title insurance. If you are buying a house and aren’t familiar with title insurance, you should check it out. As we all know, insurance is one of those necessary evils that you don’t want to spend your money on…but you can’t really live…
There’s an ongoing debate around our office: What’s the best season in Charlottesville? After last winter, no one is voting that way…and this summer’s heat has knocked summer out of the running. So, it seems to be split pretty evenly between the Spring and Fall. Both are spectacular times in Cville. Since the Fall is…
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…
There’s been a lot of buzz resulting from Trulia’s most recent article about the ‘McMansion Era’ ending. Studies are showing that Americans are wanting smaller homes. The report states that only 9% of Americans want a home more than 3200 square feet. There’s two factors behind this: 1. The Green Movement: the big push for…
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,…
Zillow reported that homeowner confidence fell in the 2nd Quarter. Here’s a quick recap of their findings: – 33 percent believed home values in their local housing market had not yet reached a bottom, while 38 percent believed they had already reached a bottom. – 28 percent of homeowners said home values in their local real…
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,…
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…
The homebuyer’s tax credit continues to show some positive effects on sales throughout Central Virginia. The latest benefactor seems to be attached homes in Albemarle County. (In this area, attached tends to refer to town homes and row homes) Sales of attached homes in Albemarle County are up 20% year-over-year…quite a jump considering many people…