Charlottesville Area Association of REALTORS 2011 3rd Quarter Market Report

Central Virginia Homes Are Selling

The Charlottesville Area Association of REALTORS released their 3rd quarter market report today.  So what does the report mean for you?  Homes continue to sell in Central Virginia which helps our economy and brings us towards a more balanced market between buyers and sellers.  Charlottesville, Albemarle and Fluvanna lead with the most sales while  Louisa , Orange  , and Fluvanna proved to be the most affordable.  The number of homes for sale (inventory) and number of sales were both below the 2010 3rd 1/4 numbers.  To view the complete report, please click here.  Also, these numbers may mean nothing to you and you want to know what your home, farm or land’s value in today’s market.  Please call or e-mail and I’ll create a comparative market analysis of your property, giving you the specific value numbers!

Albemarle Mountain Top Home Sold in 3rd Quarter

Looking into my crystal ball, I continue to see foreclosures and short sales affecting our market.  If you or someone you know continues to face challenges with your mortgage, please call (434.466.4663) or e-mail ( James@VirginiaHomesFarmsLand.com  ) to discuss some options.  I’ve worked with several owners to help them get out of their current mortgage through restructuring their mortgage with the current lender, refinancing (yes there are some good loan options out there) or participating in a short sale.  The sooner we talk the more options you will have.  Also, the National Ground Intelligence Center  at the US Army’s Rivanna Station discussed not renewing 1,200 contractor positions recently.  Changes in employment levels with our large employers will continue to affect housing and other markets in Central Virginia.

New Home Construction Started in 3rd 1/4

All is not bleak!  Homes, farms and land continue to sell.   By pairing prices adjsuting down and the current low home mortgage rates, many buyers can purchase a home with lower payments than renting housing.  Buying a home continues to be a personal choice.  I’ve got rent vs buy calculators and other tools to help with the decision process.  As always, if you have questions or concerns, I am here to help, so let’s talk!

About James Friend Dickerson

Real Estate Consultant As a native of Central Virginia and a full time REALTOR since 1991, James listens to your needs to provide information allowing you to make informed choices. In our constantly changing world, you need a REALTOR who puts you first providing rigidly flexible service. James Dickerson provides a high level of service designed to fit each individual clients needs. Having received many awards from both the local Association of REALTORS and RE/MAX International, James is recognized as an authority on the local real estate market. The highest form of recognition James receives continues to be the many repeat clients who seek out his services time after time plus sending their relatives, friends, co-workers and neighbors to James for their real estate needs. Contact James today for an interview to discuss your real estate needs. James is a licensed real estate sales person in the Commonwealth of Virginia with Charlottesville Solutions. Personal As a Central Virginia native (Born in Charlottesville and raised in Albemarle and Louisa Counties), James' youth was filled with extra-curricular activities and organizations centered around school, church and the Boy Scouts of America. A graduate of Virginia Tech with a degree in Forestry and Wildlife Management, James' non-real estate activities include spending time with family & friends, traveling, stalking deer & spring gobblers, fly fishing, church and Masonic activities. James and his lovely bride Karen live between Zion Crossroads and Gordonsville in the Green Springs area of Louisa County. Their dog Sammy passed away so they'll be adopting another dog soon through www.petfinders.com.
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