Crozet's community blog
I’ll be doing more of these in the future, but this was my first attempt at what I hope to be quarterly (or if I get super-motivated, monthly) real estate updates for some of the Crozet neighborhoods. The quality and setting will improve by next time, too; I found a recording studio right here in Crozet.
(Disclosure: I’m a real estate agent. I live in Crozet.) Continue reading “Crozet Neighborhood Real Estate Updates – February 2012”
Looking at some market stats for Crozet (as defined by the Zip Code, 22932). Bullet points first:
– I’m no longer making comparisons beyond three years – the “boom/bubble” years are irrelevant. What matters now is where we are, where we were recently and where we’re going.
– Active Listings: Still too many houses on the market in Crozet. Until some of this inventory is sold, we’re still going to struggle with declining prices, high days on market and short sales and foreclosures.
– New Listings: Declining. This is good. See the remarks for “Active Listings”
– All Pendings (under contract homes): Higher than this time in 2010 and 2009; this is a good thing. More homes under contract will hopefully lead to fewer homes on the market, leading to real estate market stability.
– New Pendings: Up. Good.
– Sold Listings: Up, year over year. This is a good thing. We’re on a slower pace than this time last year, but that’s ok. If we can build stability slowly, we’ll be ok.
Keep in mind that these statistics are top-level analysis for the Crozet real estate market, inclusive of town homes, (as in, the Highlands and the town homes in Old Trail) single family (as in Laurel Hills, Parkside Village) and new construction and resale homes.
All real estate markets are local. There are subtle and stark market differentiations within even Crozet – based on community offerings (the pool in Western Ridge is nice), proximity to downtown Crozet, proximity to the Old Trail town center, etc.
If you’re thinking about selling, do your due diligence. If you’re considering buying, do your due diligence. There’s a lot to learn on both accounts. If you have questions, please feel free to leave a comment or email me.
Lastly, this is my state-mandated Disclosure (and it’s the right thing to do): I happen to be a real estate agent who lives in Crozet, works in Crozet, Charlottesville and all the surrounding areas, and think that this information is relevant to the readers of RealCrozetVA.
Continue reading “Crozet Real Estate Market Update – November 14, 2011”
For purposes of this brief update, “Crozet” means “22932 zip code”. When I run numbers manually or search for my clients, I use Brownsville Elementary + Crozet Elementary school districts to define “Crozet.”
Briefly analysis through captions:
New listings coming on the market in Crozet are down, year over year. This is good … fewer homes coming on the market is a good trend.
Continue reading “Brief Real Estate Market Update for Crozet – September 2011”
I was all set to throw several charts up after the fold, but when I started checking the data in our new beta software, it wasn’t right. Darn it.
So … the Crozet real estate market right now boils down to this:
– New construction in Crozet is doing quite well.
– Existing homes are competing with new construction, buyers can be, and are being choosy and are often choosing new construction.
– If you’re looking to sell our home in Crozet: Price.It. Well. My advice since 2008 remains true:
– Advice for buyers – do your due diligence, be patient, save your money in the meantime.?
– For Sellers – as I said last year – do not attempt to chase the market down. Beat it down. (ask me for advice)
Briefly:
– Homes under contract are about the same as last year at this time.
– New listings coming on the market are down markedly; this is very good – the fewer homes on the market, the better chance for existing inventory to be sold.
– Sold homes are up slightly.
Download reports:
Crozet Real Estate Market Insight (pdf)
Crozet real estate market detailed report (pdf)
Continue reading “Crozet Real Estate Market Update – 1 September 2011”
In February I asked fellow Crozetians how you would describe your neighborhood. Only Grayrock and the Highlands were described.
I’m thinking we may be seeing a moderation of prices.
For the purposes of this post, “Crozet” is defined as Brownsville and Crozet Elementary Schools.
Note: I’m a real estate agent. I represent buyers and sellers in Crozet (and everywhere else in the Charlottesville MSA)
Hmmm … can you spot the peak?
I am optimistic that we are witnessing a stabilization of volume; once the market achieves a consistent volume, we should be able to see prices moderate.
Single family home sales –
Note: I’m a real estate agent. I represent buyers and sellers in Crozet (and everywhere else in the Charlottesville MSA)
Update: I meant to post this at RealCentralVA and accidentally posted it here. I’m going to leave it because I’m sure there are some veterans who might be buying homes in the Crozet area.
The Homebuyer Tax Credit still around for Veterans.
Additionally, there are new benefits for members of the military and certain other federal employees:
• Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase. Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010. Continue reading “Remember the Home Buyer Tax Credit? It’s Still Good for Veterans”
Over at my real estate blog, I run a series of “Friday Charts” – graphically looking at the real estate market. I thought it might be interesting to look at the number of real estate transactions in Crozet over the past 10 years. “Crozet” defined by homes in the Brownsville and Crozet Elementary School districts.
Continue reading “Friday Chart – Number of Real Estate Transactions in Crozet”
I am working with some wonderful buyer clients who are building a home in Old Trail. The building process started when they were out of town, so I started taking pictures and videos for them so that they would be able to see what was happening at the site of their new home.
Continue reading “Tracking the Craig Townhomes Being Built in Old Trail”