by Staff on October 31, 2011
Almost daily someone asks us, how’s the real estate market in Charlottesville? While we as a firm have been busy, the market is not quite as active.
The Charlottesville Area Association of Realtors provides general statistics for all real estate sales; but since most of our clientele are searching for farms and land in the area, we create our own charts using their data but specifically tailored for farms and land in the central Virginia area. The charts below will give you a better idea of the current Charlottesville area farm and land market.
The number of properties actively listed on the market and the rate in which they are selling determines the “absorption rate” — as in how many months it will take the market to absorb (sell) the current number of available properties at the prior year’s rate of sales.
ABSORPTION RATE FOR FARMS:
FARM SALES YEAR TO DATE:
There are no significant changes in the rate of sales for land and farms in Central VA for the past few months. Buyers are still searching for deals and are also searching for the “bottom” of the market pricing. Sellers of land continue to exercise the definition of “patience”.
ABSORPTION RATE FOR LAND:
LAND SALES YEAR TO DATE:
by Staff on October 27, 2011
Sample Map Photo. Actual Link at Bottom of Article
We often talk about the Piedmont Environmental Council (PEC) and the huge wealth of information that they provide to central Virginia landowners. PEC serves an area from Charlottesville, northeast towards D.C. and the N. VA counties. In a nutshell, they are committed to protecting and preserving the lands, viewsheds, historic features, and environmental wellbeing of our area.
Both buyers and sellers need to know about the depth of facts that can be found on PEC’s website, and in that spirit we’d like to link you to some fantastic maps (below) that they’ve developed, to show the lands that are protected under Virginia’s conservation easements. Thanks PEC!
By County:
Albemarle
Culpeper
Greene
Madison
Orange
Rappahannock
Entire Region:
Entire Piedmont Area Protected Lands
The way it works, when a landowner donates land to a preservation organization, it is protected from development forever (including family divisions for development). A conservation easement can also impact the value of a particular parcel. When you look for property in our area of Virginia, you might want to bookmark this page as a handy reference source to check the preservation status of available listings too.
Of course, it’s part of our job to assist our clients with access to all information about properties, so the protected status of the parcel is only one of many tools we use when we try to match buyers and sellers. And PEC’s maps are great visual aides.
