Let me first throw out the disclaimer that we are desperately searching for good news in the Charlottesville area real estate market. At Nest, we’ve earned the reputation of being honest: there’s no sugarcoating in our conversations with clients. But we’d be lying if we weren’t using our magnifying glasses just a little to see…
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…
As reported yesterday, Zillow and Mint.com have partnered. In the deal, Zillow will provide it’s ‘zestimate’ home valuations to Mint.com customers. Mint is a personal finance site that helps users track expenses and manage their personal finances. The partnership makes sense. Real estate – both primary residences and investment properties – make up a large…
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…
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…