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…
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,…
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…
With a fair amount of uncertainty in the Charlottesville real estate market, there are still a few bright spots. Located in Crozet, single family home sales in Old Trail over the last 12 months are up 60% from the previous 12 months (24 vs 15). Construction activity is up with a combination of custom homes…
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…
Still Meadow is located just north of the City of Charlottesville on 154 acres overlooking the Rivanna River. The neighborhood is comprised of 135 homes, varying in size, from 2,000 to over 5,000 square feet. Per the neighborhood covenants, all homes are comprised of at least 30% brick or “substantial masonry”, all homes have at…