TODAY IN THE MARKET

Current News

E-Mail Scams Targeting the Real Estate Industry

Be Scam SmartThe National Association of REALTORS® has received reports of sophisticated e-mail scams targeting the real estate industry.

In a typical e-mail scam, a party (likely buyers) involved in a real estate transaction will receive what looks like an e-mail from their real estate agent suggesting that they wire money to a bank account in order to secure a house.

If you receive an e-mail from your real estate agent with this suggestion, please do not proceed. Instead contact your real estate agent by phone and verify if the e-mail came from them.

CAAR Publishes 2015 Year-End Market Report

Charlottesville Area Year-End 2015 Highlights:

  • Home sales in Greater Charlottesville have now increased for four consecutive years as the 3,282 homes sold in 2015 marked the highest level since 2006.
  • Pricing remained steady with a median sales price of $270,000 for the year, unchanged from 2014 and 10.2% higher than the 2011 bottom of $245,000.
  • Inventory is 16.5% lower than this time last year, the lowest level since year-end 2005.
  • Half the homes sold in 2015 were on the market 46 days or less, a six-day improvement from the median DOM of 2014 and the lowest level since 2006.
Yearly Home Sales Index

For more information on this report or the real estate market, contact a REALTOR® today.

About CAAR

The Charlottesville Area Association of REALTORS® serves more than 1,000 real estate professionals and affiliate members throughout the City of Charlottesville and the counties of Albemarle, Fluvanna, Greene, Louisa and Nelson. Widely recognized as the leading voice for real estate in Central Virginia since 1925, CAAR members bring professionalism and high ethical standards to every business transaction. The Association advocates for the protection of private property rights and provides tools and technology for members to achieve expertise in serving the needs of customers and clients. The CAAR membership is committed to enriching the region’s neighborhoods by engaging in a variety of educational programs as well as community service events each year.

Vision - The REALTOR® is indispensable to every real estate decision.

Mission - To support our REALTOR® members to be professional, ethical and successful.