Seven CAAR Members Inducted into the 2017 Virginia REALTORS® Honor Society

On Thursday, October 4th, seven CAAR members were inducted into the 2017 Virginia REALTORS® Honor Society during a ceremony at the Holiday Inn Charlottesville – University Area.

To be inducted into the Virginia REALTORS® Honor Society, honorees must hold local, state, and national leadership roles; participate in annual meetings; belong to other real estate institutes, societies, and councils; and contribute to projects that benefit their local community.

Congratulations to the following members (left to right):
• CAAR 2018 President Arleen Yobs, Nest Realty Group
• Kathy Markwood, Roy Wheeler Realty – Greene
• Kim Armstrong, Gayle Harvey Real Estate, Inc.
• Rives Bailey, Montague Miller & Co. – Westfield
• Sasha Farmer, Story House Real Estate
• Donna Patton, Keller Williams Alliance – Charlottesville
• CAAR 2018 President-Elect Tele Jenifer, Real Estate III – North (not pictured)

On behalf of CAAR, we would like to congratulate these members on this commendable achievement.

CAAR Publishes 2018 Third Quarter Home Sales

Greater Charlottesville Area 2018 Third Quarter Highlights:

• Home sales climbed 4.4% (1,051) compared to Q3 2017 (1,007), led by an increase (16.5%) in attached homes.

• Greater Charlottesville median sales price rose to $309,000 (5.1%) compared to this time last year ($294,007).

• The median days on the market in the 3rd Quarter was 56, 6-days lower than in Q3 2017.

• New listings increased 2.5% (1,167) compared to Q3 2017 (1,138), as pending sales dipped slightly by 0.4% (896) compared to this time last year (900).

Greater Charlottesville
The median sales price increased 1.9 percent to $340,000 for detached homes and 11.8 percent to $259,900 for attached homes. Median days on market decreased 8.1 percent for detached homes and 13.3 percent for attached homes.

“The Greater Charlottesville market is exhibiting steady growth in median sales price and closed sales for the third quarter as well as year-over-year,” said CAAR President Arleen Yobs. “While inventory of homes for sale is slightly down for the Greater Charlottesville area for the third quarter, the City of Charlottesville saw the biggest jump in inventory (40.0%). Residents are paying attention and know now is the time to put their house on the market.”

“As the Greater Charlottesville area saw a slight increase in new listings for the third quarter, both Greene and the City of Charlottesville saw the largest gains - over 38%,” said President-Elect Tele Jenifer. “Greene also had the highest percentage of pending sales (81%) which bodes well for the fourth quarter.”

Read the full press release. For more information on this report or the real estate market, contact a REALTOR® today using MYCAAR.COM.

The Charlottesville Area Association of REALTORS® serves more than 1,300 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.