Market Reports

A Quick Snapshot of the greater Charlottesville Area:
market-activity-greater-charlottesville

 In watching the Trends of our market here are a few things to note: New Listings bottomed in Nov/Dec and are quickly rising (steep arrow up). Notice they peaked in March/April. Closed Sales bottomed in Feb (and Peak in June). This is a typical trend for our area.

 

Below is a 5-year chart of our entire market. Notice the Highs and Lows. We have a very cyclical market. We are very Busy in Spring (starting in March) and peak in mid Summer, declining into Fall/Winter.

 closed-sales-greater-charlottesville

Note: the Trend lines on Pending Contracts on the below historic charts
(This Chart Shows the Real Estate Peak and Bust that was felt across the Nation)


Note: Where did we break the year over year downtrend? (note higher high in July 2009)

If you watch Charts like I do you see a definite trend change in the above chart. This is 6 years of data and you will notice that the peaks started to trend upward, and more importantly, the valleys started to trend upward, too. In the summer of 2006 we saw a lower high, a signal that the top was being broken, then we saw a higher low, a signal that the bottom was in place. As the chart is concerned, we have broken trend summer of 2010.

The Charlottesville home market (sales) is seasonally high during the Summer and low during the Winter. This has to do with many factors including the fact that the University of Virginia is a major employer and also the influx of students to our area. Also note the lower highs in the Summer Months (year over year). My clients receive various trend analyses of the market.

Note: The overall trend of DOM (Days on Market) was in a downward slope (broken Oct 2006) a clear signal… Also note the Higher Highs and Lower Lows on the number of units sold. This trend is critical and my clients are advised of this.

HISTORICAL REPORTS

Charlottesville Real Estate Market Report 2017 Second Quarter

Charlottesville Real Estate Market Report 2017 First Quarter

Charlottesville Real Estate Market Report 2016 Fourth Quarter

Charlottesville Real Estate Market Report 2016 Third Quarter

Charlottesville Real Estate Market Report 2016 Second Quarter

Charlottesville Real Estate Market Report 2016 First Quarter

Charlottesville Real Estate Market Report 2015 Year End

Charlottesville Real Estate Market Report 2015 3rd Quarter

Charlottesville Real Estate Market Report 2015 2nd Quarter

Charlottesville Real Estate Market Report 2015 1st Quarter

Charlottesville Real Estate Market Report 2014 year end

Charlottesville Real Estate Market Report 2014 3rd Quarter

Charlottesville Real Estate Market Report 2014 2nd Quarter

Charlottesville Real Estate Market Report 2014 1st Quarter 

Charlottesville Real Estate Market Report 2013 year end

Charlottesville Real Estate Market Report 2013 3rd Quarter

Charlottesville Real Estate Market Report 2013 2nd Quarter

Charlottesville Real Estate Market Report 2013 1st Quarter

Charlottesville Real Estate Market Report 2012 year end

Charlottesville Real Estate Market Report 2012 3rd Quarter

Charlottesville Real Estate Market Report 2012 2nd Quarter

Charlottesville Real Estate Market Report 2012 1st Quarter

 

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Charles McDonaldBy Charles McDonald - Charles, and his firm, Charlottesville Solutions, are known locally and around the world for helping people relocate to the Charlottesville area. His background (running his own engineering firm for 20+ years in the Silicon Valley) has given him the skills to not only develop this site but also to manage a stellar group of agents!
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