Charlottesville Real Estate – CAAR 2014 Third Quarter Market Report

Charlottesville Real Estate - CAAR 2014 Third Quarter Market Report Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2014 3rd Quarter. This report comes out Quarterly and gives us a good idea of the current Real Estate Market in the greater Charlottesville Area. The specifics are pulled from our local MLS and you have … [Read more...]

Charlottesville Real Estate – CAAR 2014 Second Quarter Market Report

Charlottesville Real Estate - 2014 First Quarter - Numbers Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2014 2nd Quarter. This report comes out Quarterly and gives us a good idea of the current Real Estate Market in the greater Charlottesville Area. The specifics are pulled from our local MLS and you have likely … [Read more...]

Charlottesville Real Estate – CAAR 2014 First Quarter Market Report

Charlottesville Real Estate - 2014 First Quarter - Numbers Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2014 1st Quarter. This report comes out Quarterly and gives us a good idea of the current Real Estate Market in the greater Charlottesville Area. The specifics are pulled from our local MLS and you have likely … [Read more...]

Charlottesville Real Estate 2013 End of Year Market Report

2013 Forth Quarter - End of Year Numbers Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2013 4th Quarter. This report comes out Quarterly and gives us a good idea of the current Real Estate Market in the greater Charlottesville Area. The specifics are pulled from our local MLS and you have likely been advised by your … [Read more...]

Charlottesville Real Estate 2013 2nd Quarter Market Report

2013 Second Quarter Numbers Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2013 2nd Quarter. This report comes out Quarterly and gives us a good idea of the current Real Estate Market in the greater Charlottesville Area. The specifics are pulled from our local MLS and you have likely been advised by your agent of … [Read more...]

Charlottesville Real Estate 2013 1st Quarter Market Report

2013 First Quarter Numbers Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2013 1st Quarter. This report comes out Quarterly and gives us a good idea of the current Real Estate Market in the greater Charlottesville Area. The specifics are pulled from our local MLS and you have likely been advised by your agent of … [Read more...]

2013 Charlottesville Real Estate Market Outlook – 5 Key Factors

The numbers are out for the 2012 Charlottesville Real Estate Market and it is great to see a bit of an upswing. It is not huge, but it is certainly better than down. So, what are we looking at in 2013? Many people, across the nation, will simply say sales and inventory. While these are important to watch, they are lagging indicators. Let's look just a little deeper. Washington To be more … [Read more...]

Charlottesville Real Estate 2012 Market Report – Year End

Charlottesville Market appears to be on an upswing! Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area for year ending 2012. This report comes out Quarterly and gives us a good idea of the current Real Estate Market in the greater Charlottesville Area. Remember to discuss specific market conditions with your … [Read more...]

Charlottesville Real Estate Assessments 2013

2013 Charlottesville Real Estate Assessments will be released by the end of January. This is if history is a guide as the Albemarle County Assessors office told me when I called to get a specific date, that it would be by the end of the month. There are two areas that have the greatest impact on Assessments in our area. The City of Charlottesville and Albemarle County, where Charlottesville is … [Read more...]

Charlottesville Home Values

Charlottesville home values are based on trends and we've been discussing the Charlottesville Market for years. There is a consensus that the real estate market is improving, and the below chart, of Albemarle sales, shows that, for May through September, 2012 has certainly improved over  2011. We hear this in the news that the year over year numbers are better. There's an interesting twist, … [Read more...]

Charlottesville Real Estate 2012 3rd Quarter Market Report

Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2012 3rd Quarter. This report comes out Quarterly and gives us a good idea of the current Real Estate Market in the greater Charlottesville Area. Remember to discuss specific market conditions with your Realtor. 3rd Quarter 2012 Highlights:  Overall sales in Greater … [Read more...]

Charlottesville Real Estate 2012 2nd Quarter Market Report

Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2012 2nd Quarter. This report comes out Quarterly and gives us a good idea of the current Real Estate Market in the greater Charlottesville Area. Remember to discuss specific market conditions with your Realtor. 2nd Quarter 2012 Highlights:  Overall Q2 sales … [Read more...]

Charlottesville Real Estate 2012 1st Quarter Market Report

Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, 2012 1st Quarter. This report comes out Quarterly and gives us a good idea of the current Real Estate Market in the greater Charlottesville Area. Remember to discuss specific market conditions with your Realtor. 1st Quarter 2012 Highlights: Median sales price for … [Read more...]

Charlottesville Real Estate 2011 Market Report

Our Charlottesville Area Association of Realtors has just released the latest report showing stats for sales in our area, Year ending 2011. This is the best report format we have seen in quite sometime from CAAR and it shows great details that we talk about all year. Remember to discuss specific market conditions with your Realtor. Charlottesville Area 4th Quarter 2011 Highlights: Median … [Read more...]

2012 Charlottesville Real Estate Assessments

2012 Charlottesville Real Estate Assessments will be release by the end of January. At least this is what Albemarle County told me when I called to get a specific date. There are 2 areas that have the greatest impact on Assessments in our area. The city of Charlottesville and Albemarle County, where Charlottesville is located. 2012 Charlottesville Real Estate Assessment The City of … [Read more...]

Cville real estate market update-11-2011

We talk a lot about Statistics when it comes to real estate. Let’s look a little closer at Charlottesville Virginia Real Estate. Have you heard about Charlottesville Virginia? You deserve to have the quality of life that Charlottesville has to offer. We are a small town that has everything you want to enjoy life. Think about visiting soon…  CLICK PHOTO  Let’s Talk Charlottesville Real … [Read more...]

CAAR 3rd Quarter Market Report 2011

Every quarter our local Realtor Association sends out the lastest numbers for the past Quarter. If you read my blog, you see numbers a lot more often, however I wanted to share the report from CAAR with my readers. Please remember that each area is unique and I always advise that you consult with your Real Estate Professional to understand these numbers and the local … [Read more...]

Solutions discussing new construction

Builders, What are you thinking? Our Housing market never really seems to stop building. The demand for housing is and continues to be strong for the Charlottesville Real Estate Market. Some of the smart builders and smart developers know this. We are seeing smaller developments with hundreds of homes in the plans. New Homes in Albemarle County continue to be built. There is a lot of … [Read more...]

What holds Value Attached or Detached?

Today's Charlottesville Real Estate Chart is simple and easy to understand (see below) On the left is the Medium SOLD price. This is over the last year. What we are seeing is Attached homes (Townhomes and condos) and Detached homes (Single Family). Note that Single Family is holding a fairly steady channel in price vs Townhomes and condos. As always if you have any questions, just ask. … [Read more...]

Rent or Buy Charlottesville Real Estate

Just had a discussion regarding whether to rent or buy Charlottesville Real Estate and the answer may surprise you. Here are a couple questions to ponder: Are you moving or planning to stay in Charlottesville for 5 yrs? Do you think that interest rates will fall further or rise? Do you think home prices will fall further or rise? These are simple questions but will tell a story. I find a … [Read more...]

The Charlottesville Real Estate Market is moving

Below are a couple of headlines I read this morning (May 27, 2011): Next 2 years is prime time for real estate investors - Survey by Realtor.com operator of Move inc. Mortgage rates hit new lows for 2011 - Freddie Mac So Investors are getting into or in our local market already active because they see value. Investors are typically first to get in at the trough of a market. Rates are … [Read more...]

Solutions discussing Albemarle Homes

When you are looking for Charlottesville Real Estate remember that Charlottesville is in Albemarle County. We have grand estates and horse farms in Albemarle. The back roads will give you a feeling of peace and harmony as you drive by these beautiful properties. When you are ready to tour, just give me a call, it is my favorite thing to do in our area. (photo taken by Charles McDonald of the … [Read more...]

2011 1st Quarter CAAR Market Report

2011 1st Qtr Market Report Sometimes looking at the numbers helps, but nothing replaces a qualified REALTOR in your corner.   … [Read more...]

5 Year Chart of Charlottesville Sales

Charlottesville Five Year Chart So what does this 5 year chart of Charlottesville Real Estate really tell us? Well the peak was somewhere in 2006 and it appears we have at least a temporary bottom in April of 2010. These moving averages are on prices of all homes that our MLS serves and each area has unique characteristics. Not to mention that some neighborhoods are actually doing very … [Read more...]

CAAR Market Report – 2010 First Quarter

Published by the Charlottesville Area Association of REALTORS® Where Are We Now? In the first quarter of 2010, the Charlottesville real estate market continued the trend seen in the fourth quarter of last year. Home sales, compared to the first quarter of 2009, increased slightly. In the first quarter of 2010, sales (436) were up 4.3% from the same period in 2009 (418). This increase was … [Read more...]

CAAR Market Report 2009-part 2

Home Prices Have Dropped Based on the data from the CAAR MLS, we believe that the numbers clearly show a significant decrease in home prices during 2009. The median prices listed below are the middle of the market of properties that sold. Simply put, this is an indication of what buyers were willing/able to pay and is not a true reflection of individual home prices. It is probably safe to … [Read more...]

Homebuyer Tax Credit Update (bullet points)

Couple key changes so far are The income limit has been raised to 125K for single and 250k for married couples You have to be in contract by April 30th, 2010 and close by June 30th 2010. Also there is a credit now non-first time homebuyers of 6500 dollars had to owned a house for 5 out of 8 years Those are some key highlights but we feel confident that Obama will be signing the bill … [Read more...]

Charlottesville Real Estate Charts and Trends

6 years of data can really show you a trend..... Note: Have we broken the year over year downtrend? (note 154 in July) 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 … [Read more...]

Most expensive homes in Forest Lakes

$549,000 1809 AMBERFIELD DR, CHARLOTTESVILLE $525,000 3293 TURNBERRY CIR, CHARLOTTESVILLE $525,000 309 PLEASANT PL, CHARLOTTESVILLE $520,000 2601 ENGLISH OAKS CIR, CHARLOTTESVILLE $499,900 2902 CHIMNEY SPGS, CHARLOTTESVILLE Disclaimer: Copyright ©2004-2009 Charlottesville Area Association of Realtors®. All rights reserved. Information deemed to be reliable but not guaranteed. The … [Read more...]

2009 3rd Quarter Market Report CAAR

Remember what I recently posted about Statistics? ---- CAAR Market Report 2009 After 3 Quarters Published by the Charlottesville Area Association of REALTORS®   Where Are We Now? Home sales, compared to 2008, showed improvement in the 3rd Quarter. At mid-year, sales were down 28%, but after the first 9 months of the year, sales are only 19% below the 2008 levels. In the third quarter, … [Read more...]

Over 5 years-have we broken trend?

Sometimes a picture is worth a thousand words: I look at a lot of data and this is over 5 years of monthly sales in the Charlottesville Real Estate market (Albemarle County). (I would love to see National Charts showing true sales) We are very seasonal with highs in the summers and lows in the winter months. Notice the peaks (summer months) going back to 2005. We have had a decline … [Read more...]

Albemarle-Virginia-Information-YTD-August-16-2009

When you are looking for Charlottesville Real Estate remember that Charlottesville is in Albemarle County. We have grand estates and horse farms in Albemarle. The back roads will give you a feeling of peace and harmony as you drive by these beautiful properties. When you are ready to tour, just give me a call, it is my favorite thing to do in our area.   (photo taken by Charles … [Read more...]

VHDA presents Charlottesville data and predictions

Today VHDA’s (Virginia Housing Development Authority) Barry Merchant presented data on our local Charlottesville Real Estate market. He sees the correction continuing into 2010 and agrees that we are seeing very few foreclosures in our area. let me know if you have any questions. NOTE: Slide 11, shows that we did not go up in price as much as some areas and we also did not correct as … [Read more...]

Charlottesville-YTD August 1-2009

Have you heard about Charlottesville Virginia? You deserve to have the quality of life that Charlottesville has to offer. We are a small town that has everything you want to enjoy life. Think about visiting soon... (Photo - this home was sold by Charles McDonald, Charlottesville Virginia) Let's Talk Charlottesville Real Estate! We are very fortunate to live in such a wonderful area. We … [Read more...]

Albemarle-YTD August 1-2009

When you are looking for Charlottesville Real Estate remember that Charlottesville is in Albemarle County. We have grand estates and horse farms in Albemarle. The back roads will give you a feeling of peace and harmony as you drive by these beautiful properties. When you are ready to tour, just give me a call, it is my favorite thing to do in our area.   (photo taken by Charles … [Read more...]

2009 CAAR Mid Year Report

.!. These are tough numbers, are you working with a top Charlottesville agent? CAAR Market Report 2009 Mid-Year Published by the Charlottesville Area Association of REALTORS® Where Are We Now? The pace of home purchases in the Charlottesville area continues to improve from the dismal 4th quarter of 2008, but sales lag well behind compared to last year. The sale of homes has been … [Read more...]

Charlottesville City – What are the sales?

I recently did a post about sales in Albemarle County: Saving Sarah Cain dvd Well I got an email asking about the details for the City of Charlottesville. So using the same format here are the details for Real Estate sales in Charlottesville: 8 Mile trailer buy Blitz Wolf Note that Avg DOM = Average Days on Market. Max Manus movie download Keeping things in … [Read more...]

Greene County-June-13-2009

Greene County is just North of Charlottesville and offers beautiful properties at great prices. Greene County is an excellent choice for clients moving to NGIC. See NGIC Real Estate I recently compared the cost of new construction from Greene to Albemarle and was shocked at the difference (my clients are made aware of these comparisons). When you are looking for Charlottesville Real Estate … [Read more...]

CAAR First Quarter 2009 Market Report

CAAR Market Report 2009 First Quarter Where Are We Now? The Charlottesville area real estate market improved in the first quarter compared to the 4th quarter of 2008, but still remains slow in terms of sales. The previous quarter will go down as one of the weakest real estate markets in history, so the improvement in the first quarter of 2009 is easy to understand, especially considering … [Read more...]

Charlottesville Real Estate – What 5 years of data shows…

Charlottesville Real Estate - What 5 years of data shows...  First note the peaks in the summer and the valleys in the winter months. Next note that we basically double topped in 2005 and 2006. Now Charlottesville is seeing sales decreasing year over year... lower highs... This next chart is very interesting... This is the median Sales price for Albemarle County. Note the 2 lows in 2005 and … [Read more...]

HUD Bailout SCAM…… (read more)

Prince of the City ipod One of my local SunTrust Lender forwarded this warning and I felt it was important to get the word out: There is a deceptive website out there that is posing as HUD.  This website tries to dupe people into giving out personal information (known as "phishing") - and because they've made their site appear to be an "official us government website", some people may fall … [Read more...]

have you seen this Chart?

7 Wise Dwarfs move Book of Shadows: Blair Witch 2 full movie the above chart goes back to 1890 and the 100K trend line is adjusted for inflation. What I see here is a couple of scenarios.... One is we have another leg down and Two is that we trend sideways (like the 60s and 70s) until we hit trend... Now each area is unique and some areas will over compensate (and under compensate) as this … [Read more...]

Albemarle County Virginia Real Estate – (Jan 2009)

Albemarle County Virginia Real Estate - (Jan 2009) When you are looking for Charlottesville Real Estate remember that Charlottesville is in Albemarle County. We have grand estates and horse farms in Albemarle. The back roads will give you a feeling of peace and harmony as you drive by these beautiful properties. When you are ready to tour, just give me a call, it is my favorite thing to do in our … [Read more...]

Charlottesville Real Estate update (Jan 2009)

Charlottesville Real Estate update (Jan 2009)   (Photo - Charlottesville Bus taken by Charles McDonald, Charlottesville Virginia) Let's Talk Charlottesville Real Estate! We are very fortunate to live in such a wonderful area. We have four season, Blue Ridge Views and the University of Virginia! Sales are starting to pick up in Charlottesville and our year is moving along … [Read more...]

Albemarle County Virginia Real Estate – (for all of 2008)

Albemarle County Virginia Real Estate - (for all of 2008) When you are looking for Charlottesville Real Estate remember that Charlottesville is in Albemarle County. We have grand estates and horse farms in Albemarle. The back roads will give you a feeling of peace and harmony as you drive by these beautiful properties. When you are ready to tour, just give me a call, it is my favorite thing to … [Read more...]

Charlottesville Real Estate

The CAAR Market report is now available... This is a yearly report and it is best ot get it from the source - CAAR 2008 CAAR Year-end Market Report Let me know your thoughts either on this blog or by email. … [Read more...]

Charlottesville -DOM Year vs Year

So the numbers for DOM (Days on the Market) are telling a story: Albemarle County (where Charlottesville is located): 2002 - 76 2003 - 72 2004 - 79 2005 - 55 2006 - 59 2007 - 92 2008 - 109 (YTD) This is staggering. The DOM is now greater than five years ago. Remember as a Buyer..... Information is power!       … [Read more...]

Dunlora vs Glenmore

As a local buyers agent in Charlottesville I will often look at one neighborhood vs another with my clients. Very often clients looking at Glenmore will want to know more about Dunlora. Glenmore Homes are wonderful. This golf community offers not only golf and tennis but also equestrian facilities. The homes are priced from 500K-2mil+. There is something for everyone. Here are a couple … [Read more...]

Charlottesville Mid Year report

Real Estate Market is as Hot as ANWR By Dave Phillips, CEOCharlottesville Area Association of REALTORS® Just about everything in life is relative to your perspective. Based on that theory, you could say the real estate market in the Charlottesville area is as hot as ANWR (the Alaskan National Wildlife Reserve). If you are not familiar with ANWR, you only need to know that it is a great example … [Read more...]

Albemarle Residential Sales Stats

TOTALS REPORTS SOLD/ACTIVE RESIDENTIAL LISTINGS 01-Jan-2008 - 31-Mar-2008 Albemarle Market Reports … [Read more...]

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