I was all set to throw several charts up after the fold, but when I started checking the data in our new beta software, it wasn’t right. Darn it.
So … the Crozet real estate market right now boils down to this:
– New construction in Crozet is doing quite well.
– Existing homes are competing with new construction, buyers can be, and are being choosy and are often choosing new construction.
– If you’re looking to sell our home in Crozet: Price.It. Well. My advice since 2008 remains true:
– Advice for buyers – do your due diligence, be patient, save your money in the meantime.?
– For Sellers – as I said last year – do not attempt to chase the market down. Beat it down. (ask me for advice)
– Homes under contract are about the same as last year at this time.
– New listings coming on the market are down markedly; this is very good – the fewer homes on the market, the better chance for existing inventory to be sold.
– Sold homes are up slightly.
Crozet Real Estate Market Insight (pdf)
Crozet real estate market detailed report (pdf)
* For these reports, “Crozet” is defined as “the 22932 zip code” whereas in the past (and when I’m searching for homes and describing Crozet for clients, I describe “Crozet” as “The Brownsville and Crozet Elementary School districts.
As always, when I write about the Crozet real estate market, I disclose that I am a real estate agent. I live in Crozet. I write these to inform and educate. If you have any questions, please contact me. Heck, if you want to search for homes for sale in Crozet, go here.
** Days on Market and Sold to Original List Price ratio are so easily gamed and manipulated that they are *wrong*. Sold to OLP ratio *demands* individual analysis to account for re-lists, expired and re-lists, etc. Average is probably closer to 80%. Some are 100%, some are $60%.