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Real Estate Statistics

Charlottesville Real Estate Market – Third Quarter 2014

October 13, 2014

The Charlottesville Real Estate Market Report for the third quarter of 2014 can be found here.

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Luxury Homes Days On Market Trend

September 30, 2014

According to Realtor.com,  sales of high-end and luxury homes nationally have improved from a year ago.  Their measurement began with a consideration of days on the market time for all price points at an average of just 82 days on the market.  Naturally, higher priced homes take a bit longer to sell because the pool of potential buyers dwindles […]

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An MLS Gives Dollar Value For Sellers

April 23, 2014

When a Seller decides to sell, there are various ways to go about it.  Hire a Realtor and feature on their MLS?  For Sale By Owner and save the fee?  Limited Service listing and pay a fee-for-service?   All of these choices have worked for some sellers, depending upon their particular circumstances. But one of those choices will […]

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Central Virginia Real Estate Market Report First Quarter 2014

April 14, 2014

Despite the unusual winter, Charlottesville area real estate sales continued to stay steady and even improve in some areas. See the latest Charlottesville Area Association of Realtors’ first quarter of 2014 market report.

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Actual Comparison of Rent Vs. Buy

March 20, 2014

Go ahead and give it a try.  The NY Times has published a fairly sophisticated calculator so that you can compare the total costs of renting vs. buying over a number of years.   Unlike other calculators, this one takes into account whether home values will rise or fall, what is the cost of missed opportunities, […]

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New Construction in Albemarle County

March 18, 2014

Depending on how you want to crunch the numbers, new construction makes up anywhere from 10 to 15% of the Charlottesville real estate market when looking at the number of listings sold through the Charlottesville Area Association of Realtors. Of course, custom builds generally are not included in these numbers.  There are several new developments in […]

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Student Loans Vs Home Ownership By Young Adults

February 23, 2014

Lately the press has taken up the issues regarding student loans as they affect a young generation of potential homebuyers.  This isn’t a silly issue.  It impacts you and me right now, regardless of whether we have loans or children.   Did you know that the largest source of non-home-mortgage or home-equity-debt right now…  is student loans?  The […]

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Millionaires Like Real Estate

February 16, 2014

There was an old Steve Martin routine that began in effect…. “You too can be a millionaire.  And not pay taxes.  First, get a million dollars….”   And it went on from there as only Steve Martin can do.     I thought of that routine when I read this recent Bloomberg article about how millionaires are […]

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Charlottesville Real Estate Tax Update

February 2, 2014

There are always people looking at this as either good news… or bad news.   Half full or half empty?   On the one hand, it’s nice to see ‘value’ rise in local properties.  On the other hand, who wants to pay higher taxes? Regardless, Charlottesville real estate tax information for the past year has been released,  new […]

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County Real Estate Taxes in Central VA

December 1, 2013

Each local county or municipality in Virginia sets its own real estate property tax rates.  The rates are measured as “cents per 100 dollars” of assessed value.  The City of Charlottesville sets its own rates, independent of its surrounding Albemarle County.  The county supervisors or commissioners can decide to change the tax rates by a […]

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