As of July 31, completed home sales were down 30% over 2010 (which had been greased w/homebuyer tax credit): 104 in 2010 v. 74 in 2011. It's an area that has seen home prices decline and many foreclosures.
- There are currently 212 homes on the market, ranging from the modest mid-five figures to a 500 acre spread w/ ca 1850 home for $2,895,000.
- Between 8/23 and 9/23, 16 homes went under contract.
- This is 50% less than last year at the same time, which saw 30 homes go to contract.
- However, pending sales were also low in May, June, July (see "pending" on chart at bottom). 8/23 to 9/23 overlaps two calendar months.
- Major Earthquake and continuing aftershocks from a previously unknown fault. Since earthquakes are unpredictable, there's no guarantee that there won't be more seismic activity, since Louisa is in the Virginia Seismic Zone.
- Nuclear Activists continue to call the safety of North Anna Nuclear Power Plant into question. It has not been restarted. There are 8 miles of underground pipes. The NRC continues its surveys at the plant.
- Schooling: condemned High School and elementary school have resulted in shuffling and sharing.
Chart is copyright Charlottesville Real Estate Talk.