WCAV-WVAW-WAHU | Charlottesville, Virginia | News

Housing Market Looking Positive in C'Ville Area

By: Jessica Cunnington Email
By: Jessica Cunnington Email

July 7, 2013

The Charlottesville Area Association of Realtors reported 492 homes sold in the area in the first quarter. That's up more than 6 percent from last year.

Some sellers are pleasantly surprised at what's happening.

Ginny and Sonny Payne didn't think they'd have to pack up their things so quickly.

"We did everything we could to check and see how the economy was going, and it looked like it was on an upbeat, so that's why we decided to go ahead and make the move now," said Ginny Payne.

They put their Lyons Avenue home on the market in April, and it sold in five weeks.

"It was pretty stressful, but it went along alright it really did," Payne said.

Just down the street was an open house that brought in more than 40 people on Sunday. And while that's not a direct indication of how the real estate market is doing, it's surely a sign.

"Last year was better than the year before, but this year, we've really seen a stronger showing in open houses overall," said Karyn Trumbull of Nest Realty.

Debbie Cash is a managing broker and realtor at ReMax Affinity Group and says this year to date has already exceeded last year.

Cash says the market is quickly turning to a sellers market.

"I just talked to another agent in my office the other day she's got a cash sale on a listing with a back up offer in case that one falls through, so that's happening."

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