Jeff Gaffney's Blog

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : Jeff Gaffney : Jeff Gaffney's Blog

Sales Surge in February!

by Jeff Gaffney

According to data from the Charlottesville Area Association of Realtors (CAAR), sales in Albemarle County and the city of Charlottesville increased by 50% in February ‘09 compared to January ‘09. This data includes contingent, pending and sold contracts. Buyers today seem to be lured into the market for three main reasons:

1) prices - prices today are at a very attractive level compared to the last 2 years;
2) interest rates - the 30 year fixed has been hovering around 5%, which is an historical low;
3) selection - there is an excellent selection of available inventory across all prices ranges.

This was the best sales month for real estate in Charlottesville / Albemarle County since July 2008 and may signify the turn in the market. See graph below.

Jeff Gaffney CRB, CRS, GRI,
ABR, ABRM, SRES, QSC, e-PRO
Chairman & CEO
Real Estate III
jeffgaffney@realestateiii.com
tel: (434) 981-1882
Licensed to sell real estate in Virginia

Posted by Jeff Gaffney on 03/20/2009 10:21 AM

Comments (0)

Real Estate Market in the ActiveRain Channel

Generate short URL

Housing Inventory in Charlottesville/Albemarle Decreases

Real Estate III

by Jeff Gaffney Inventory of homes for sale in Charlottesville and Albemarle decreased slightly in February ‘09 versus a year ago. In February ‘08, there were 1220 homes for sale, compared to 1201 homes for sale in February ‘09…

Charlottesville/Albemarle Sales Keep 'March'ing On!

Real Estate III

by Jeff Gaffney Sales for Charlottesville/Albemarle in the first half of March are off to a torrid pace, with 63 sales month-to-date. According to data from the Charlottesville Area Association of Realtors (CAAR), sales in Albemarle County and the…

New Home Sales up in May for Charlottesville, Virginia

Real Estate III

Positive news for new home sales in Charlottesville, Virginia. New Homes sales moved up 22% for the month of May (compared to April 08) for Charlottesville and Albemarle County. We are seeing some increase activity in our new home communities…

The Charlottesville Area Housing Market - Inventory up slightly compared to 07

Real Estate III

The Charlottesville and Albemarle County numbers are in for the month of May and here is the update for the month. Sales for the month of May 08 vs May 07 show an overall decline for the month of 11%. Some price ranges did well compared to last year…

Previous Next

Jeff Gaffney

Charlottesville, VA

More about me…

Real Estate III

Cell Phone: (434) 981-1882

Email Me

Links

Archives

Find VA real estate agents and Charlottesville real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.