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,…
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…
We spend a lot of time looking at stats at Nest. We also spend a lot of time talking amongst ourselves about how the market ‘feels.’ The general consensus among our agents is that the market feels pretty soft…and we have some statistics to back up that feeling. For example, market-wide, showings are down showings are…
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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…
I know we’ve got a few loyal readers out there who live for our market reports…and to you we apologize for the delay in getting our most recent report up. Thankfully for everyone, April was one of the busiest months we’ve had in a long time. The expiration of the tax credit caused a lot…
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,…