Charlottesville Real Estate Market Update for Fall 2014

There are many great Central Virginia area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (434) 260-1885 for a FREE home buying or selling consultation to answer any of your real estate questions.

Charlottesville Real Estate Market Update for Fall 2014

We've got a few important topics to cover with you today. First, we would like to talk to you about what is going on here in the Charlottesville real estate market. 

Home prices have increased for the 6th consecutive quarter, and the average home price has risen to $289,000.

For our current quarter, sales have been down. However, there are a ton of pending properties out there that should go through in the next few months. We are really optimistic about the market heading into 2015 so if you are looking to buy, now is a great time. Both prices and interest rates will be rising soon, so locking in a rate now could save you thousands down the road. 

We would also like to talk to you a little bit today about holiday safety. When you are traveling and leaving your home unattended, using social media may not be the best idea. Internet predators are out there everywhere, maybe even lurking on your friend list. If you just have to post about your vacation or trip, maybe post it so that only certain people, that you trust, can see it. If you have any questions on how to do this, let us know. We can help you out. 

If you have any questions at all about real estate, we would love to answer them on our next video. Give us a call or send us an email about questions you would like answers to, and we would be glad to answer them for you.

The Spring Market is Proving to be the Time to Sell!

There are many great Central Virginia area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (434) 260-1885 for a FREE home buying or selling consultation to answer any of your real estate 

The Spring Market is Proving to be the Time to Sell!

The Richmond and Charlottesville markets are remaining strong – we are still experiencing low inventory. Homes that are priced appropriately, are situated in great locations, are presented well and don’t require $30,000 or more in repairs are selling quickly. Rates may be fluctuating, but they still remain low. However, financing has been tight – so beware.

The market may not be back to the 2007-08 levels; however whatever you lose on selling your home, you will make up when buying your next home. You can’t always weigh the negative end when you have such a huge positive factor on the other end. It is also worth noting that property values are increasing. Going into the spring market, consider whether or not you’re living where you want to be living.

If there is anything I can help with, feel free to reach out to me by phone or email. Thanks and have a great day!

Make Smart Real Estate Decisions by Being Informed: Your Central Virginia Market Update

There are many great Central Virginia area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (434) 260-1885 for a FREE home buying or selling consultation to answer any of your real estate questions.

What is the Current Real Estate Market in Central Virgina Like?

Today I wanted to cover the current state of the market in Central Virginia. Before I go into that I would like to introduce the newest member of my team, Moose, my new puppy! As for the market, Charlottesville has 916 active listings with 332 that are contingent or pending.

I saw a statistic a few days ago that showed zip code 22902 having a 35% increase in value, which is phenomenal. The market is still pocketed; some areas are in favor of buyers and others in favor of sellers. This could be attributed to the fact that our economy showed little affect to what was going on with interest rates. Our area actually saw a 3% increase in property valuations!

As for Richmond, there are 1,644 active listings with 964 pending in the area. Richmond also has a pocketed market that is really price point driven. Interest rates are sitting at about 4.33% for a conventional loan and 3.91% for a 30 year fixed FHA loan. They are stable for now, but that is all depending on what the Fed plans to do.

Thanks and have a great day!