Charlottesville New Construction: Ken and Dawn's Dream Home is finished!

Despite my good intentions, I have fallen way behind in keeping you up on the progress on Ken and Dawn's dream home. The house is now DONE and they moved in Mother's Day weekend.  It was a great project and a great process.  I am excited for their family.  

Here is a slideshow of the home build from sheetrock to settlement.   I know Ken and Dawn have added some personal touches in the meantime - custom paint and the backsplash in their fabulous kitchen - for example.  Can't wait to see the house again.

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CAAR 2010 Year End Market Report - Hot off the Presses!

Click here to download:
CAAR 2010 Market Report.pdf (541 KB)
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My thoughts and analysis to come!

 

Redefining What Home Means: a great debate over at the NYT

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How has the collapse of the housing market changed people's attitudes toward homeownership and their expectations for how they will live? Is the yearning for a McMansion on the edge of a corn field really dead?

 

 

Spacious, light filled Ivy home for sale: 1277 Mountain Road, Charlottesville, VA 22901 - Slideshow

This 4 bedroom, 4.5 bath Ivy home has an exceptional layout and a warm, welcoming vibe. 

The gorgeous kitchen flows into a bright breakfast nook and adjacent family room with a wood burning fireplace and oak floors. The formal living and dining rooms are well proportioned and beautiful. A sunny study and large laundry area round out the first floor.  The bedrooms are generously sized with excellent closet space. Two of the family bedrooms share a bath and play nook.  Another bedroom is a 2 room suite with its own bathroom! A 2 car garage, finished basement recreation room and a large storage/workshop finish off the interior.  

The 2.9 acre property is phenomenal with an enormous 2 tiered deck, a terraced yard, play area and lush woods.  Nearby walking trails complete the picture!

Call me for more information on MLS# 480907, priced at $565,000.

This property is listed for sale by
Amy Bender Webb

434.760.1319
Licensed to Sell Real Estate in Virginia
I Support Equal Housing Opportunity
Nest Realty Group
126 Garrett St, E
Charlottesville, VA 22902

 

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Charlottesville Area Association of Realtors 3rd Qtr 2009 Market Report

Hot off the presses.....and it is too late at night for me to share my insightful analysis, but I thought I would get it out there for the data geeks and real estate hobbyists!

Click here to download:
2009 3rd Qtr CAAR Market Report.pdf (52 KB)
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The Shadow Market

Interesting series on the Foreclosure Crisis and the "Shadow Market" from the WSJ. ( thanks Phoenix Real Estate Guy ).  For those interested in this ongoing weight on our recovery, it makes good reading.  

No matter how you slice it, one thing is clear: this is far from over. The bottom line for many of the hardest hits part of this country (thankfully I do not put Charlottesville in that category): 

“The distressed real estate market has become the real estate market in many locations, and that isn’t going to change for years.”

I found part 2 of the article, about banks now avoiding acquiring foreclosed homes, particularly fascinating.

 

Live where you bike...

Great little story about a Portland, Oregon Realtor targeting the "biker" crowd.   

My Nest Colleague, Jim Duncan, has taken to biking around Charlottesville and/or Crozet, to listings, showings etc, when he can, thanks to his residence in a "walkable" neighborhood in Crozet and our office being right downtown off the mall....though it would be nice if Charlottesville were far more interconnected and bike-friendly.  

Where I live out in Ivy, I take my life in my hands if I try to ease my bike on to Dry Bridge Road, a cut through from 250 to Dick Woods....I love the country, but oh, for a bike path!

 

 

Will the Credit be Extended?

The current $8000.00 First Time Homebuyers Tax Credit is set to expire on November 30th and as anticipated, the conversation has started to turn to the question of an extension, or even permanent codification of this credit:

There are two sides to this coin:

Needless to say, many (not all) Realtors, Builders, Home Buyers and Politicians see extending the program as essential.  It certainly has stimulated economic activity in a way which materially impacts the lives of the individuals involved in these transactions and personally, I'd rather see the government subsidize home ownership rather than overproduction of genetically modified corn...

...but on the other hand, home buying is already subsidized by the mortgage interest deduction, this credit will never reach the bottom tier of the economic ladder where housing issues are most immediate, and this approach to stimulus does not help rebuild our infrastructure, build a new green energy economy or improve education.

What's your opinion?