Charlottesville City Real Estate Market Update May 2010 Mr. and Mrs. Seller let me point something out:   The average Charlottesville home went under contract when it had a Price Per Square Foot of $188.54.  However the average Charlottesville home sold with a Price Per Square Foot of $164.89.  Homes sold for 12% less than the [...]

This time last year we were coming out of one of the worst financial and real estate situations the Charlottesville area has ever experienced. Home sales and home values were down. Most economists were predicting a slow start to 2009, and boy were they right! Although they predicted a slow start, they also predicted that 2009 would [...]

Today is the last day of 2009. We’d like to end this year on a positive note. Home sales are up! In fact, in November 2009 existing home sales in the South were up 4.8%, 44.8% higher than that time last year. The National Association of Realtors is seeing similar trends in other areas of [...]

Here is your Monday Market Update for Albemarle County, Fluvanna County and Lake Monticello. This update represents the changes in the real estate market for active homes for sale, contingent homes (homes that are under contract) and homes that have sold since October 18, 2009. If you aren’t into reading tables, I have recapped the [...]

The real estate market is currently a buyer’s market. There are several ways to decrease your time spent on the real estate market: internet marketing, brochures, ads, networking, staging and so much more. However we have summed it up with TWO things that every buyer wants in a home. If you can provide these two [...]

Below are two charts comparing the Lake Monticello real estate market between January 1 – February 17, 2009 vs. January 1 – February 17, 2008. We have found that in the 2009 there have been 12 fewer homes sales. The average sales price has increased by $5,568. The average price per square foot has decreased [...]

CAAR Market Report 2008 Year-End Published by the Charlottesville Area Association of REALTORS® Overview It probably comes as no surprise that the 2008 Charlottesville area real estate market had a bad year. If you have read any of the 2008 quarterly reports we produced, you know all about the decreases in home prices and the [...]

Below the Virginia Association of Realtors (VAR) reports the 2008 third quarter home sale results. Virginia’s housing market is out-performing the nation and it’s expected that both home sales and home prices in the Commonwealth will show moderate growth in spite of the national economic turbulence. In the third quarter of 2008, transactions were up [...]

Below is a 2007 vs. 2008 City of Charlottesville sold condo comparison under $199,999. Keep in mind this chart does not take into account the condos that will close before December 31, 2008. In 2007, seven City of Charlottesville condos sold under $99,999. In 2008, three City of Charlottesville condos sold under $99,999. None of [...]

Below is a 2007 vs 2008 Lake Monticello sold homes comparison under $199,999 . Keep in mind this chart does not take into account the homes that will close before December 31, 2008. In 2007, one home sold under $149,999 at Lake Monticello. In 2008, three Lake Monticello homes sold under $149,999. One of the [...]