Home > Charlottesville Real Estate Market
Spring 2020 Market Update
Now is an exceptional time to buy a home in Charlottesville. Low interest rates in a town with a strong economy and job growth make a home purchase a sensible move and a great value! Call now for more information at 434-535-2BUY or Maureen: 434-409-9468 or Rob: 434-825-2468
Average Sold Home Price: $275,000

Average Time on Market: 30-60 days

Best Selling Price Range: $250,000 - $299,000

Existing Home Prices for the past 90 days: Decreasing

Market Trend: Increasing

Buyer's or Seller's Market: Equal buyers and sellers

Buyer Activity for the past 90 days: Decreasing

Seller Activity for the past 90 days: Decreasing

Multiple Offers? Yes

Multiple Offers Commentary: Homes that are priced well are receiving multiple offers and often getting above list price.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 20-25%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Limited Supply

Housing Inventory Comments: In the third quarter of 2014 we are seeing in central Virginia that home prices are up and inventory is down over last year. This is making for a very quick paced market. Homes that are well priced are often under contract in a matter of days and are garnering multiple offers resulting in contract prices above list price. Those buyers sincerely wanting to make a move should be pre-approved for a mortgage if needed and ready to make a quick decision. Of course it is, as always, important to be represented by a great agent who is a keen negotiator and who knows the market. Hegarty & Peery Realtors are at your service.

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Job Growth

Nearest Metro Area: Charlottesville

Housing Hot Spots: Most towns and communities within Albemarle County and Charlottesville are considered ’Housing Hotspots’. Belmont in the heart of Charlottesville is an eclectic and highly sought after destination. Within walking distance to the historic area of Charlottesville and the Downtown, pedestrian mall this area has seen an upward trend in market value. Homes within walking distance to the University of Virginia are always a sound investment.

Contact Information
Maureen Hegarty and Rob Peery
Maureen: 434-409-9468 or Rob: 434-825-2468
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Mortgage Rates for Apr 2nd, 2020
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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Real Estate Professional, Maureen Hegarty and Rob Peery Maureen Hegarty and Rob Peery
Keller Williams Realty
Specializing in Charlottesville Real Estate
1885 Seminole Trail - Suite 100/2nd Fl.
Charlottesville, Virginia 22901
Maureen: 434-409-9468 or Rob: 434-825-2468
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with Maureen Hegarty and Rob Peery for current Charlottesville, VA market conditions before acting on this information.)
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