About Charlottesville's Abington Place

When you are looking for Charlottesville Real Estate remember that Charlottesville is in Albemarle County.

We have grand estates and horse farms in Albemarle. The back roads will give you a feeling of peace and harmony as you drive by these beautiful properties. When you are ready to tour, just give me a call, it is my favorite thing to do in our area.

CLICK PHOTO

(photo taken by Charles McDonald of the driveway of a past listing of mine in Albemarle Virginia…)

Albemarle County Virginia Home Information

The Real Estate market everywhere is constantly changing and Charlottesville and Albemarle are no exception. It takes a drive around Albemarle to understand and enjoy the beauty of this area.

• In Albemarle we have SOLD 616 HOMES.
  
• There are currently 1094 HOMES on the market. (1093 from last report)
  
• Our average DOM (Days on the Market) is at 118 Days. (119 last report)
  
• Our Average selling price is $357,342
  

We have some excellent neighborhoods to see like:

Glenmore Foxchase Old Trail Forest Lakes Dunlora

More Great Neighborhoods in our area!

Please visit my website at Charlottesville Real Estate for details about our area and other homes on the market in Charlottesville, Albemarle County and the surrounding counties!

Nelson Greene Madison Fluvanna Orange Louisa

Come visit and tour our area anytime!

About The Author

Charles McDonald, PRINCIPAL BROKER with Charlottesville Real Estate Solutions and dedicated Buyers Agent is the author of this blog, and several other sites on the Internet. Charles and his group of experts in the Charlottesville area are always available to help you with your Real Estate needs. Call our group anytime at 434-515-1585 or to search for homes visit: Charlottesville Real Estate

Copyright © 2005-2011 Charles McDonald, All Rights Reserved.

Below are a couple of headlines I read this morning (May 27, 2011):

• Next 2 years is prime time for real estate investors – Survey by Realtor.com operator of Move inc.
• Mortgage rates hit new lows for 2011 – Freddie Mac

So Investors are getting into or in our local market already active because they see value. Investors are typically first to get in at the trough of a market.

Rates are still low. I have been watching this and for many people, rates are moving up (credit scores, amounts, etc… are factors).

What does this mean for our local market? Take a look at this chart of sales I posted recently. There are some very obvious things going on:

1. We have a downward trend break of the Lower Highs in the Summer of 2009.
2. We have a downward trend break of the Lower Lows in the Winter of 2010.
3. We have now seen a Higher High and a Higher Low from 2009 to 2010.

These are facts based on sales. Now it does currently feel like a sideways market as far as prices. The DOM and inventory is still high which will keep pressure on the market and this is why we are seeing a sideways trend.

If you are waiting for a bottom, this is likely it. Actually it looks like those who bought in 2010 hit it just right.

Buyers who are waiting for lower prices in the Charlottesville Real Estate market moving forward, may never see them and when rates start to increase (they already are) many buyers will be shut out of the market. They will be wondering why the home they wanted now costs several hundred dollars a month more than a year ago (even if prices are slightly lower).

If you are on the fence it is time to talk to a professional that watches this market daily.

Why Charlottesville looks to REMAX for Homes year after year?

NOTICE: I joined RE/MAX in 2008 and it was a great decision!

(read more)

RE/MAX Assured Properties is independently owned and part of the RE/MAX franchise. They are highly respected and some of the finest agents in our area. This is one of the main reasons I joined RE/MAX, but there are others.

RE/MAX is a company that is recognized worldwide and the Real Estate business is becoming a global business. This is a good move if you expect business from other areas of the country and the world.

RE/MAX offers it's agents incredible training and opportunities. Any agent (worth their weight in salt) keeps up with education and trends. This is critical for any agent working with buyers and/or sellers.

I am glad to be associated with such a fine group of agents and I look forward to the many challenges ahead in the new year!

In 2009 we out sold all offices in our area with number of transactions. We are on track for the same in 2010!

"Nobody Sells more Real Estate than RE/MAX"

Your Agent in Charlottesville Virginia
Charles McDonald