tag:blogger.com,1999:blog-8592046137229594514.comments2023-10-08T05:23:09.541-07:00Worth More or Less?Scott Pershinghttp://www.blogger.com/profile/17912437973905686950noreply@blogger.comBlogger136125tag:blogger.com,1999:blog-8592046137229594514.post-88712974364829256792013-05-25T07:56:57.473-07:002013-05-25T07:56:57.473-07:00For the reason that the admin of this web site is ...For the reason that the admin of this web site is working, no doubt very quickly it will be famous, <br />due to its quality contents.<br /><br />My website <a href="http://teligi26.cba.pl/wiki/index.php?title=U%C5%BCytkownik:IrvinKirk" rel="nofollow">http://shoppingonlineforyou.com/how-customized-clothing-is-changing-the-fashion-trends.html</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-78601667523020596852013-05-06T15:46:55.188-07:002013-05-06T15:46:55.188-07:00Have you ever considered about including a little ...Have you ever considered about including a little bit more than just your articles?<br />I mean, what you say is valuable and everything. 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If I could afford to purchase, I will pay extra money to live in a community like this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-52939818566311044682010-03-20T05:31:40.445-07:002010-03-20T05:31:40.445-07:00Great analysis !! I am wondering if you are going...Great analysis !! I am wondering if you are going to post a repeat analysis for this year ? Willing to help with the analysis.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-15327830449897484442009-11-07T13:48:34.575-08:002009-11-07T13:48:34.575-08:00it was a short sale - buyer had to pay in cash.it was a short sale - buyer had to pay in cash.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-31426556771700350892009-10-28T13:23:54.203-07:002009-10-28T13:23:54.203-07:00It sold for 650k. So WMorL was in the ballpark.It sold for 650k. So WMorL was in the ballpark.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-47554406116059795682009-09-30T09:41:45.120-07:002009-09-30T09:41:45.120-07:00Maybe y'all should be looking at what prices t...Maybe y'all should be looking at what prices the houses on Beau Mont Farm Road have been going for lately. This is a very desirable location.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-86922910982887823352009-08-29T13:50:46.099-07:002009-08-29T13:50:46.099-07:00IT's in foreclosure so I'm guessing the pr...IT's in foreclosure so I'm guessing the price was too high.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-30681321378540079882009-07-17T09:50:43.627-07:002009-07-17T09:50:43.627-07:00i think this site is dead, not a new post in 3 mon...i think this site is dead, not a new post in 3 monthsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-58231589177726227932009-07-16T12:54:45.804-07:002009-07-16T12:54:45.804-07:00I just wanted to tell you how useful I have found ...I just wanted to tell you how useful I have found this information! As a first time home searcher, I have referred back to it time and time again (as a resource) and have shared it with many! Thanks for putting it together.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-43430218938261365612009-06-26T04:55:35.209-07:002009-06-26T04:55:35.209-07:00this house sold for 410. i find that amazing. i ...this house sold for 410. i find that amazing. i had comps for it at a sq footage price of equal to about 350-370k. all in the same school district and same relative condition. i think these people overpaid by at least 40k, if not moreenriquenoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-74290928558445710302009-06-24T21:01:15.646-07:002009-06-24T21:01:15.646-07:00I'm reading that real estate prices will still...I'm reading that real estate prices will still fall for the next five years across the country. That's how big the gap is between bubble price and what people can afford. Sellers are a dime a dozen, buyers are few. People are starting to realize that renting is far better in these times then owning property. Homes cost to buy (realator fees), maintain, upkeep of home owner association fees, along with property taxes. CDs and Bonds don't seem to have that baggage.<br />enough said!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-39603353472153105392009-06-01T04:14:48.492-07:002009-06-01T04:14:48.492-07:00hope everything is ok? we have not seen a new ...hope everything is ok? we have not seen a new entry since april.enriquenoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-61567062113699529712009-04-30T05:16:00.000-07:002009-04-30T05:16:00.000-07:00I don't think that the assessed value is always a ...I don't think that the assessed value is always a good indicator of value, but rather buyers are having a hard time justifying paying much more than that for properties.<br /><br />Next year if assessments are kept at the same level or higher I believe you will start to see more buyers offering below assessment assuming that our economy is still in the same mess that it is now.<br /><br />I use the mean price because I have my system create a normal distribution around the property sales. Using the mean and the standard deviation gives you a good feel for the curve. I can add the median in to highlight it in the data.<br /><br />I like your idea of separating the land sales from the home sales. I will look to refine that in the next analysis.Scott Pershinghttps://www.blogger.com/profile/17912437973905686950noreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-64721334779005334132009-04-29T20:44:00.000-07:002009-04-29T20:44:00.000-07:00Scott,
Your point about sales price vs. assessed ...Scott,<br /><br />Your point about sales price vs. assessed value is very good. Maybe assessed value is a relatively good indicator of value.<br /><br />Concerning the Glenmore sales for 2009, I don't think land should be put in with houses. Also, when you refer to average sales prices, median may be more useful.<br /><br /><br />, even thoughAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-15578506335395340542009-04-29T15:38:00.000-07:002009-04-29T15:38:00.000-07:00There are now eight sales in the system for Glenmo...There are now eight sales in the system for Glenmore:<br /><br />1. 3/30/2009 3148 SANDOWN PARK RD sold for $615,000 sold/assessed ratio 102.3%<br />2. 2/27/2009 1707 PADDINGTON CIR sold for $784,610 sold/assessed ratio 92.0%<br />3. 2/26/2009 3208 HEATHCOTE LN sold for $950,000 assessed ratio 97.6%<br />4. 2/17/2009 1961 PIPER WAY sold for $664,200 sold/assessed ratio 106%<br />5. 1/28/2009 1564 HEATHROW LN sold for $529,000 sold/assessed ratio 91.0%<br />6. 1/26/2009 1.732 acre land sold for $345,000 sold/assessed ratio 102.0%<br />7. 1/15/2009 0.684 acre land sold for $180,000 sold/assessed ratio 84.7%<br />8. 1/13/2009 1132 CAMBRIDGE HILL LN sold for $1,185,000 sold/assessed ratio 103%<br /><br />Average sale price for Glenmore for 2009 is $656K, for Albemarle county it is $460K.<br /><br />My next blog post will be an analysis on all of the different neighborhoods.Scott Pershinghttps://www.blogger.com/profile/17912437973905686950noreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-29593535648111681782009-04-29T13:50:00.000-07:002009-04-29T13:50:00.000-07:00Scott, you support my point. I already stated that...Scott, you support my point. I already stated that location affects what some people will pay, but others won't want to live there anyway. Choice of car is the same thing. Certainly status is a factor for some people. But some cars are more enjoyable to drive than others, and some neighborhoods are nicer than others.<br /><br />You say: "The important thing to note is that... this market is pricing higher on average for Charlottesville...." I assume you mean Glenmore. How do you determine that?<br /><br />You also say "buyers are buying closer to the 2009 assessed values." Excellent point. But if that is the case, how is Glenmore overvalued compared with similar homes elsewhere in Albemarle?<br /><br />Also, you said previously that seven Glenmore properties have been sold in 2009. I find only four. What am I missing? Where did you find the seven? Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-56054631053819263272009-04-29T13:29:00.000-07:002009-04-29T13:29:00.000-07:00I would argue that it is more subjective than just...I would argue that it is more subjective than just location, location, location. You can drive a Honda, a Mercedes, or a Ferrari. All those get you from Point A to Point B but it all depends on how much you want to show off how much money you spent on a car! (smile)<br /><br />I think this community as well as others like it are holding their value, because people that have this kind of discretionary income fall for the trap that a house is more of a status symbol than a dwelling.<br /><br />High net worth individuals tend to want to live next to other high net-worth individuals. It creates its own sub-culture, and in Farmington and Glenmore they have country clubs that cater to this demographic.<br /><br />The important thing to note is that although this market is pricing higher on average for Charlottesville buyers are buying closer to the 2009 assessed values.Scott Pershinghttps://www.blogger.com/profile/17912437973905686950noreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-88084335794811194382009-04-29T12:52:00.000-07:002009-04-29T12:52:00.000-07:00Scott, if you are referring to people who live in ...Scott, if you are referring to people who live in neighborhoods who pay high prices to live there, that is based on the fact or at least a generally held opinion that such neighborhoods are particularly attractive for various reasons. In real estate, they call that "location, location, location." Whether you, I or anybody else in particular would want to live there is obviously subjective.<br /><br />Concerning Glenmore, my question is whether the current asking prices, as overvalued as they seem to be, are really any more so than the overall market--that is, properties in that general price range in Albemarle Co.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8592046137229594514.post-63744106039837502532009-04-29T10:48:00.000-07:002009-04-29T10:48:00.000-07:00I am not biased against upscale neighborhoods, I a...I am not biased against upscale neighborhoods, I am biased about overpriced neighborhoods that consider themselves upscale solely based upon the obscene price they paid for it.<br /><br />What other neighborhoods do you want to compare Glenmore to?Scott Pershinghttps://www.blogger.com/profile/17912437973905686950noreply@blogger.com