Lots to discuss this quarter. Short story: the Crozet real estate market continues to move forward.
Crozet Real Estate Market – 2nd Quarter 2016
David and I have fun doing these at PRN, but we never have enough time to say all that we need or want to say. As such, we’ve shifted our Crozet conversations from coffee at Mudhouse to beers (or water or soda) at PRN – Thirsty Third Thursdays from 5 to 7.
Crozet Real Estate Conversation – 1st Quarter 2016
I love doing these. Not only do we love real estate market analysis & data, but having the opportunity to shoot at Crozet businesses.
We’ve done these at the Crozet Mudhouse, Greenhouse Coffee, Crozet Library, and this month at Pro Re Nata (PRN).
The Crozet Real Estate Conversation with David Ferrall and Jim Duncan with Nest Realty.
This is a quick look at the 1st Quarter 2016 real estate market report – land sales, new construction contracts, total sales in Brownsville & Crozet Elementary School Districts.
Have questions about the market? Call or email us anytime. Or stop by the Crozet Mudhouse from 9am – 11am on the 2nd & 4th Wednesdays of every month!
Quick Crozet Real Estate Stats – 1st 2 Months of 2016
Mark your calendar; the next Crozet Real Estate Conversation is on 23 March at 9am at the Crozet Mudhouse.
During this morning’s conversation, I ran a few stats to answer my own curiosity. I’m always
In the first two months of 2016 in Crozet
- 8 more (29) homes have sold compared to this time last year
- 52 homes went under contract in 2015 and 45 this year
- 60 homes have come on the market; 68 had done so last year.
- Median asking price last year was 407K ; this year it’s $461,500.
Of the 45 that have gone under contract
- 10 are townhomes
- Median asking price is $425K; last year it was 363K
- 19 are in Old Trail
- 17 of the 45 are marked as new construction
- A vast majority of those are in HOAs
These are just numbers. Without context (as is gained through conversation and analysis), they’re just numbers.
Have specific questions? Ask Jim (me) or David.
Median Home Prices in Crozet Continuing to Rise
We’ve been doing our Crozet real estate conversations for the past few months; each time we do them we tend to have some interesting data-based-conversations. This month, a friend asked me about median home prices in Crozet.
Looking at real estate data is always fun, so I pulled a bit of information from the Charlottesville MLS and came up with this (* “Crozet” for this purpose = Brownsville + Crozet Elementary school districts):
- Red line is the number of single family detached home sales in Albemarle County.
- Green line is the number of single family detached home sales in Crozet.
- Blue bars are the median sales prices for single family detached homes in Crozet.
- Thanks to Keith for the help with the graphs.
Continue reading “Median Home Prices in Crozet Continuing to Rise”
Crozet Real Estate Conversation – January 2016
Median sales price, where are new homes selling, what neighborhoods are coming online in Crozet? We love questions!
Our experiment continues. David and I love to talk about real estate. We thought the Crozet Real Estate Conversation series would be a good place to talk about real estate and share some of our thoughts and insights about life in Crozet & the Crozet real estate market.
- “Crozet” for these purposes is defined as “Crozet Elementary + Brownsville Elementary”
- 2015 Median price for Attached & Detached homes in Albemarle County: $340K (1,471 homes). (1,374 homes)*
- 2015 Median price home in Crozet: $400K (285 homes sold) Median price home in Crozet in 2014: $373K (253 homes sold).
- New construction in Crozet is up 50%(!) in 2015 over 2014.
- Small builders are holding their own, holding 20% of the new construction market.
- 50% of new construction in Crozet is in Old Trail.
- 26 of sales in Crozet last year were in Old Trail (also, Old Trail is seeking a downzoning)
- 28% of new homes sold in Crozet last year were under $400K.
Read/comment more at the facebook post.
David and/or I are at the Crozet Mudhouse on the 2nd and 4th Wednesday of every month. Please stop by to chat; we pulled (and know) a lot more real estate data and information than we shared in the video.
Continue reading “Crozet Real Estate Conversation – January 2016”
Crozet Real Estate Conversation – 3rd Quarter 2015
The experiment continues. David Ferrall and I have launched a new effort to educate folks, and satiate our own desires to talk about real estate. We had our first conversation in July; this time we’ve been a bit more brief.
We’re going to be at a Crozet coffee shop – for the next couple months, the Crozet Mudhouse – the 2nd and 4th Wednesday of the month from 9 to 11 if you’re curious about the market and want us to buy you a cup of coffee.
Putting Your House on the Market in Crozet Soon?
* this is a real estate post. I’m actually a real estate agent in real life.
Thinking about moving over the next several months? Call me for your complimentary professional photos NOW while everything is green.
No obligation to list with me, but if you do, we’ll have great photos to use!
Taking pictures now is critical for the winter and spring market.
This picture of Grayrock remains one of my favorite examples of why taking pictures in the fall is critical:
Crozet Real Estate Conversation – Take 1
It’s easy to recite cold numbers when talking about the Crozet (or any) real estate market. One of the things that I really like to do is talk about real estate.
There is more to real estate insight that talking in 20 or 90 second sound bites, and I hope that’s evident in the video below.
David and I love talking about real estate – whether it’s last quarter’s median sales price numbers, prices per square foot, or where in Crozet houses are selling – real estate is something we love. Seriously.
I’ve written occasionally about real estate here (53 such tagged posts in nearly 10 year years). I’ve found that many Crozetians are interested in real estate. If you’re curious about what happened in the first half of 2015 in Crozet’s real estate market, hopefully you’ll find this interesting.
I titled this post “Take 1” because this was our first time out; we’ll be doing these every quarter. Have something you’d like us to address? Ask or leave a comment.
Westlake Hills Neighborhood is a Reality
About three years ago, Westlake Hills was announced. They’ve been pushing dirt behind Westhall for some time, but just this week, the developer emailed me the plats and site plan renderings.