market: Charlottesville Real Estate - Forest Lakes Market
- 07/26/10 12:19 AM
Information from our local Charlottesville Area Association of Realtors MLS indicates that out of approximately 1,400 homes in Forest Lakes there are just 23 homes for sale, only 2 of which are deemed distressed properties, and just a scant few for rent. In the past month there have been eight Forest Lakes homes go under contract, while in the past three months there have been 38 homes go under contract. Could it be that there may be only three months of standing inventory? If you are looking for a great place to live that's beautiful, clean, safe and convenient … (1 comments)
Ok let's look at the numbers. How is the Charlottesville real estate market doing? As of today July 11th there are 1,140 homes for sale in Albemarle County. In the past thirty days there have been 82 go under contract. I use the past month and not a longer period only because I believe the data would be skewed by the Obama tax credit. That tax credit bump is a false inflationary factor compared to today's reality. So that means that there is about 13.6 months of inventory. Using the combination of the city of Charlottesville and Albemarle county … (2 comments)
market: Charlottesville's Forest Lakes is Still Hot Market..
- 07/08/10 10:22 AM
Information from our local Charlottesville Area Association of Realtors MLS indicates that out of approximately 1,400 homes in Forest Lakes there are just 22 homes for sale, only 2 of which are deemed distressed properties, and just a scant few for rent. In the past month there have been six Forest Lakes homes go under contract, while in the past three months there have been 36 homes go under contract. Could it be that there may be only three months of standing inventory? If you are looking for a great place to live that's beautiful, clean, safe and convenient … (1 comments)
market: Charlottesville's Forest Lakes Real Estate Market is Hot !
- 06/30/10 04:32 AM
Information from our local Charlottesville Area Association of Realtors MLS indicates that out of about approximately 1,400 homes in Forest Lakes indicates there are just 25 for sale, only 3 of which are deemed distressed properties, and just a scant few for rent. In the past thirty days there have been seven homes go under contract. Could it be that there is only three months of inventory? If you are looking for a great place to live that's beautiful, clean, safe and convenient to everything, please give Forest Lakes a look. Forest Lakes is a Charlottesville bedroom community … (1 comments)
market: Forest Lakes continues to show value.
- 06/25/10 11:43 PM
Forest Lakes a Charlottesville bedroom community in northern Albemarle county is convenient to everything including downtown Charlottesville, UVA, the Medical Center, and NGIC. Residents enjoy many amenities including two swim and tennis clubs, a large fitness center, 12 miles of paved jogging trails, neighborhood elementary and middle schools. Out of about approximately 1,400 homes in the neighborhood our MLS indicates there are just 27 for sale, only 4 of which are deemed distressed properties, and just a scant few for rent. If looking for a great place to live that's beautiful, clean, safe and convenient to everything, please give … (0 comments)
market: Forest Lakes Single Family Homes Sales Triple Since Last Year !!
- 06/22/10 07:33 AM
They say all real estate is local. Well if our local Charlottesville Forest Lakes neighborhood market is indicative of market trends then the market is looking good. Between the period of 1/1/2009 and 6/20/2009 there were 11 sales of single family homes. This year in the same period there have been 34 sales of single family detached. Also looking at the combination of attached and detached homes over the same perion the sales have doubled from 23 to 52. Forest Lakes a Charlottesville bedroom community in northern Albemarle county is convenient to everything including downtown Charlottesville, UVA, the Medical Center, and … (0 comments)
Home prices could shoot up in a hockey stick recovery if builders can’t “meet pent-up demand once excess inventories are depleted.” The sentiment is joined by analysts who believe that a housing shortage could be a reality as the job market rebounds and people re-enter the market. In the meantime, however, housing starts sagged 10 percent in May and building permits fell to a one-year low. The “State of the Nation’s Housing” study from Harvard University’s Joint Center for Housing Studies predicts household growth could approach 15 million from 2010 to 2020, thanks to the emergence of the echo-boom and baby-bust generations. So all looks rosey if and only if employment picks up. However, the US Labor Department reported … (1 comments)
market: How is our Charlottesville real estate market comparing to other markets?
- 02/15/10 10:21 PM
VAR (The Virginia Association of Realtors) has just released the 2009 year end housing report. Charlottesville is considered to be in the north central area. Here is the CAAR (Charlottesville Association of Realtors) Charlottesville Virginia Real Estate Market End of Year 2009 Market Report as reported by Report by Dave Phillips, CEO Charlottesville Area Association of Realtors® As we have all heard, "real estate markets are local". For years our area seemed immune to the tidal forces of the national market. But not this time. We too got spanked. The great news is our economy is still strong and our market … (1 comments)
;)
;)
