CAAR is releasing it’s 4th quarter market report tomorrow, so this is fresh off the presses! Some pieces that I thought were relevant if you’re in the market to buy or sell; Good news for buyers; Price Per Square Foot (Finished)—Pockets of Value for Buyers The current area average of $139 per finished square foot is the lowest number since
Time Magazine’s September 11 cover story attempts to make a strong case against homeownership in the article found here; but I have actually found my recent conversations with clients (current and pending) to present a story that is quite the opposite. Are you still debating whether or not it is a “good time to buy”? It is never a good
This was just released, so I wanted to give people the opportunity to check it out. I will be reading it over and making some comments soon!
The Charlottesville Area Association of Realtors has just released it’s Year End Market Report this morning, and it includes some very valuable information that home buyers and sellers should really be aware of. … Some people have suggested that the first time home buyer credit hasn’t been effective, but I have completely disagreed with that, and while this data isn’t a clear indicator that the credit is working, it would suggest that more first time buyers (in the below $300,000 price range) have been in our market in Q4 2009, than we are typically used to. … The average price per square foot of finished space in homes is not a scientific number, but a downward trend over the years clearly indicates a decrease in prices (and vice versa). … The current $143 per square foot is the lowest number since 2004. 
According to the CAAR Year End market Report, our inventory of homes is slowly declining. Of course this was the main aim of the First TIme Home Buyer tax credit, and we are all anxious to see what will happen to inventory once it expires.
The Charlottesville Association of Realtors’ Third Quarter Market Report has just been released and it definitely contains some interesting data. As we all know, we still have much more inventory than we can absorb with the current number of Purchasers in the market. Check out the market report here; CAAR Third Quarter Market Report
