Charlottesville, Virginia REALTORS (CAAR) Release 2012 Year End Market Report

Great home purchased using 100% financing USDA guaranteed RD loan!

Great home purchased using 100% financing USDA guaranteed RD loan!

Over the recent holidays, I got many questions about the local real estate market and how were sales in 2012.  I shared my market experience, trends we see at RE/MAX Assured Properties (my company), and comments from other agents in our market.  Locally the 2012 market moved to a strong finish (especially when compared with 2011 and other recent years).  Now we’ve got the 2012 Charlottesville Association of RELATORS (CAAR) Market Report confirming the trends.

Here’s a  link to the report so you can review the report (no secrets here!).  In the Charlottesville region, sales (homes sales that closed) were up 15% over 2011.  With 2,643 sales, our market continues to recover from the recent market correction.  Historically low home mortgage interest rates helped.  As First Time Home Buyers evaluate renting vs. buying their housing, buying often wins out if the buyer will be staying in the home and Central Virginia for several years.  One county (Nelson) reported fewer sales than 2011.  Since real estate continues to be location specific, please take some time to review the report for your localities statistics remembering these remain a bit generic w/out break downs to the neighborhood level.  If you have questions or want to discuss the report and your real estate, I am here to help, so let’s talk!

Looking into my crystal ball for 2013, I see the market trends continuing as long as we don’t have an event ( 9/11, DC Sniper, Higher Home Mortgage Rates, etc.) that negatively impacts our market.  Currently we’re seeing the positive market momentum from the 2012 4th Quarter carry over into January.  The 2013 Central Virginia market looks promising for both sellers (values up & buyers buying instead of looking) and sellers (historically low home mortgage rates & well priced homes for sale).  In 2012 I had several investors buy, rehabilitate and hold foreclosure and short sale properties which I see continuing in 2013.  For investors looking to build a portfolio of residential rental properties, our market provides great opportunities.  Have questions about buying or selling in 2013, let’s talk!

If you have questions, James remains available to help!

If you have questions, James remains available to help!

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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One Response to Charlottesville, Virginia REALTORS (CAAR) Release 2012 Year End Market Report

  1. Amedar says:

    You can definitely see your enthusiasm within the work you write. The world hopes for even more passionate writers like you who are not afraid to mention how they believe. All the time go after your heart.

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