Monday, January 14, 2008

2007 Year-End Charlottesville Area Real Estate Market Report

All we hear is doom and gloom in the national real estate news, yet I personally am busier now than I was last summer. Buyers are getting incredible bargains, and sellers are selling, although they are taking a hit on price.

So sell your home for less, then buy a home at a great deal.

Also interest rates at 6% are a bargain.

Here's a quote from the CEO of the Charlottesville Area Association of Realtors, Dave Phillips about the 2007 Year-End Market Report he released today:

"We will end up with the 4th highest sales total in history for our MLS. This is an extraordinary time to buy a home in our area. Interest rates are amazing, the selection of homes is fantastic, and prices are low.

For first time home buyers, this is the best market we have seen in years. There are over 500 homes on the market for under $200,000 and there are special financing options for first time buyers."

Read more in the 2007 Year-End Charlottesville Area Real Estate Market Report:

The time is now, call me or your favorite realtor and let's enjoy 08.


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