Charlottesville Area 1st Quarter Nest Report

Each year I realize the same thing. The 1st quarter report is my least favorite. That’s because by April things are starting to feel different from the last 90 days. The first quarter closed data represents sales that were occurring at what most consider to be the least active time of the year. This year is […]

New Home Prices Continue To Increase

For the second time this year, Piedmont Realty and Construction is raising prices. I wrote about the first time this happened in January. Read it here. Here are some comments from Drew Holzwarth of Piedmont Realty Construction regarding this latest round of increases: “All single family home neighborhoods will increase by $10,000, and our townhome […]

Nest Report: February

Nest Realty produces monthly reports to keep track of what is happening across this market.  Like most real estate data, we are tracking closed transactions. If you look in the right margin you will see the contract data which is a more leading edge indicator of what is occurring. Contracts continue to trend significantly higher […]

The New NAR Housing Numbers and Our Local Market

A little over a week ago when I heard NAR was revising their national data, my immediate reaction was… so what? I commented to a colleague that if I challenged them to find an agent with a client that referenced national data when making a home buying or selling decision, they would have a difficult […]

3rd Quarter CAAR Market Report

The quarterly report on our area real estate market is out. CAAR 3rd Quarter Market Report There is not a lot of big news in this report. Our market has been meandering along for a few quarters now and we are seeing a continuation of those trends. 1. Inventory continues its slow decline. It’s hard […]

The Charlottesville Area Real Estate Market – 1st Half 2011

I am going to go on the air on Saturday morning with Michael Guthrie to discuss the first half of 2011 real estate market data. I’ve checked out the CAAR Market Report and prepared my own analysis that I follow to guide me in assisting my clients. At this level, I like to keep it […]

Charlottesville Area New Construction Market-The Year in Review (Part 1)

I’ve always believed having a solid understanding of the new construction market was vital to understanding the over all market.  One can capture important insights into marketplace demand and trends from following new developements, builders, and even meeting people working a model home. I’ve compiled some data on what occurred this past year in the Charlottesville Area […]

Update: Short Sales/Foreclosures and The Charlottesville Area Market

In an effort to watch the activity of short sale or bank owned properties in our market, I’ve started tracking the listings and sales as a percentage of the over all market.  Please see my original post here.  Please also note these numbers are for short sales AND foreclosures. The following are the number of short […]

My Advice to Sellers: Set Goals and Read the Market

My real estate path has been diverse since moving to Charlottesville and entering the business in 1996. I’m lucky. I feel fortunate to have so many perspectives to shape the way I advise my clients. Lately, I am meeting with more potential homeowners interested in selling in 2011.  After 3 years of a difficult, transitioning […]

“Feelings” on the Market

It’s been a while since I’ve posted. I had a great trip with the family to Disney World and guess what? I’ve been extremely busy. November and December are usually a little quiet for me and offer the opportunity to focus on planning for the year ahead. I also like to try and take advantage […]