TODAY IN THE MARKET

Current News

CAAR Publishes 2017 Fourth Quarter & Year-End Home Sales

  • CAAR 4th Quarter Market Report InfographicGreater Charlottesville Area 2017 Fourth Quarter & Year-End Highlights: • Home sales increased 7.5% (863) compared to Q4 2016 (803), while year-end indicated a 4.0% gain.

  • Greater Charlottesville median sales price rose to $300,000 (12%) compared to Q4 2016 ($267,842), as year-end marked a 7.4% improvement.

  • The median days on the market for Q4 2017 remained steady at 71- days, unchanged from Q4 2016, while year-end showed a 8.5% decline (six-days fewer).

  • New listings grew 13.4% (822) compared to Q4 2016 (725), as year-end marked a 2.8% increase.

  • Pending sales improved 17.6% (761) compared to Q4 2016 (647), while year-end showed a 7.5% surge.

  • Inventory of homes for sale declined 15.9% (939) in Q4 2017, as year-end indicated a 15.7% decrease.

Read more.

CAAR Installs 2018 President, Officers, & Directors

Pass GavelCAAR announced the installation of 2018 President Arleen Yobs during a breakfast ceremony on Thursday, January 4th at the Boar’s Head Inn.

Over 200 guests were in attendance, including members and leadership from local industry partners and Virginia REALTORS®.

Yobs is a REALTOR® and Associate Broker with Nest Realty Group. She has been an active member in the Association since 1985 – serving on the Board of Directors for nine years. She is an advocate for the REALTOR® Political Action Committee (RPAC), and is a member of the Women’s Council of REALTORS® Blue Ridge. Read more.

Picture: Immediate Past President Anthony McGhee passed the gavel to President Arleen Yobs.

CAAR Celebrates 2017 Annual Awards & REALTOR® Hall of Fame Recipients

CAAR announced the recipients of its annual awards and REALTOR® Hall of Fame for 2017. The awards were presented on Thursday, January 4th at the Boar’s Head Inn, following the installation of the 2018 CAAR Board of Officers and Directors. Read more.

How REALTORS® Protect You - the Homeowner


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.