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.

Click any chart to enlarge

All data is pulled from the Charlottesville MLS and is reasonably accurate.

Copyright RealCentralVA.com, LLC. If you like this post, please, visit RealCrozetVA.comwhere this was originally posted.

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)

Copyright RealCentralVA.com, LLC. If you like this post, please, visit RealCrozetVA.comwhere this was originally posted.

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)

Copyright RealCentralVA.com, LLC. If you like this post, please, visit RealCrozetVA.comwhere this was originally posted.

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.

If we wipe out that peak, we might find that we’re approaching normalcy. And normalcy might be about 120-140 transactions a year.

More data here. Ignore the list-to-sell ratio. It’s likely junk.

Disclosure: I am a Realtor, who lives in Crozet, who lives and breathes this stuff. If you have questions, please don’t hesitate to contact me.

Copyright RealCentralVA.com, LLC. If you like this post, please, visit RealCrozetVA.comwhere this was originally posted.

I’m planning on providing brief market updates on the Crozet real estate market, hopefully every Monday … I don’t want to nor do I intend to detract from the focus of RealCrozetVA, which is the Crozet community, but I do get asked a lot of questions about the market and I’d like to answer some of those.

See all the reports on the Crozet real estate market here.

I’m looking forward to seeing how these charts change as we move towards the second quarter of 2010.

Inventory levels for single family homes in Crozet:

If you’re interested in receiving updates specifically about the Crozet real estate market (this is entirely separate from subscribing to updates from RealCrozetVA), sign up below:

Note: I’m a Realtor. If you ever have any questions about the Crozet real estate market, please call or email me anytime (434-242-7140).

Median Price per Square foot for single family homes in Crozet:

Copyright RealCentralVA.com, LLC. If you like this post, please, visit RealCrozetVA.comwhere this was originally posted.