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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Charlottesville. Low rates with low home prices makes a home purchase a sensible move and a great value! Call now for more information at 434-535-2BUY or Maureen: 434-409-9468 or Rob: 434-825-2468
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| Average Home Price | $225,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 5-10% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $200,000 - $249,000 |
| Worst Selling Price Range | $550,000 - $599,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Charlottesville is | Increasing |
| Seller Activity for the past 90 days in Charlottesville is? | No Change |
| Multiple Offers? | No |
| Multiple Offers Commentary | Homes that are priced well are some times receiving multiple offers. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 30-35% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Interest rates are historically low and inventory is high. A perfect time to buy. |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices in combination with good selection and competitive interest rates make for a perfect time to buy in Charlottesville and Albemarle County! With many new opportunities for employment and with it being a University town there are many incentives for traditional buyers and investors. |
| Nearest Metro Area | Charlottesville |
| Housing Hot Spots | Most towns and communities within Albemarle County and Charlottesville are considered ’Housing Hotspots’. Belmont in the heart of Charlottesville is an eclectic and highly sought after destination. Within walking distance to the historic area of Charlottesville and the Downtown, pedestrian mall this area has seen an upward trend in market value. Homes within walking distance to the University of Virginia are always a sound investment. |
| Average Sold Price | $225,000 - View Graph Trend |
Charlottesville Local News
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
Contact Information
Maureen Hegarty and Rob Peery
Maureen: 434-409-9468 or Rob: 434-825-2468
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Maureen Hegarty and Rob Peery
Keller Williams Realty
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 Maureen: 434-409-9468 or Rob: 434-825-2468
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