Charlottesville Real Estate - Forest Lakes
Market

Information from our local Charlottesville Area Association of
Realtors MLS indicates that out of approximately 1,400 homes in
Forest
Lakes there are just 23 homes for sale,
only 2 of which are deemed distressed properties, and
just a scant few for rent.
In the past month there have been eight Forest Lakes homes go under
contract, while in the past three months there have been 38 homes go
under contract. Could it be that there may be only three months of
standing inventory? If you are looking for a great place to live that's
beautiful, clean, safe and convenient to everything, please give Forest Lakes a look. It's not only a great place
to live and raise a family it's a great investment.
Charlottesville VA
Real Estate Market - Wazup?

Not much change since last week. As of today July 17th there are
1,143 homes for sale in Albemarle County. Since July 1st there have
been 36 go under contract or about 2 per day. So that means that there
is about a year and a half of inventory. I think that's a buyers'
market.
However, all real estate is local. Certain areas like the Forest
Lakes neighborhood are fairing quite well. Right now there are 21 homes
for sale
in Forest Lakes, that's out of 1,400 homes in the neighborhood, and 8
have gone under contract in the past month. So that means there is a 3
month inventory. So does that mean that all the current listings in
Forest Lakes will be sold in three months? No it doesn't. Condition and
pricing still trump inventory.
So if you're looking for a great place to live that's beautiful,
clean, safe and convenient to everything, please give Forest Lakes a look. It's not only a great place
to live and raise a family it's a great investment.
Charlottesville VA Real Estate Market -
How's it Faring?

Ok let's look at the numbers. How is the Charlottesville real estate
market doing? As of today July 11th there are 1,140 homes for sale in
Albemarle County. In the past thirty days there have been 82 go under
contract. I use the past month and not a longer period only because I
believe the data would be skewed by the Obama tax credit. That tax
credit bump is a false inflationary factor compared to today's reality.
So that means that there is about 13.6 months of inventory. Using the
combination of the city of Charlottesville and Albemarle county has
1,521 homes for sale and 108 under contract in the past month, which
gives 14.1 month inventory.
However, all real estate is local. Certain areas like Forest Lakes
are fairing well. Right now there are 21 homes for sale
in Forest Lakes, that's out of 1,400 homes in the neighborhood, and 8
have gone under contract in the past month. So that means there is a 3
month inventory. So does that mean that all the current listings in
Forest Lakes will be sold in three months? No it doesn't. Condition and
pricing still trump inventory. It's still a buyers market and buyers
want a deal.
So if you're looking for a great place to live that's beautiful,
clean, safe and convenient to everything, please give Forest Lakes a look. It's not only a great place
to live and raise a family it's a great investment.
Charlottesville's Forest Lakes is Still
Hot Market..

Information from our local Charlottesville Area Association of
Realtors MLS indicates that out of approximately 1,400 homes in
Forest
Lakes there are just 22 homes for sale,
only 2 of which are deemed distressed properties, and
just a scant few for rent.
In the past month there have been six Forest Lakes homes go under
contract, while in the past three months there have been 36 homes go
under contract. Could it be that there may be only three months of
standing inventory? If you are looking for a great place to live that's
beautiful, clean, safe and convenient to everything, please give Forest Lakes a look. It's not only a great place
to live and raise a family it's a great investment.
Forest Lakes is a Charlottesville bedroom community situated in
northern Albemarle county. It is convenient to everything including
downtown Charlottesville, UVA, the Medical Center, and NGIC. Residents
enjoy many amenities including two swim and tennis clubs, a large
fitness center, 12 miles of paved jogging trails, neighborhood
elementary and middle schools. And if investment dynamics and market
trends are your forte, then you know that all real estate markets are
local. Well if our local Charlottesville Forest Lakes neighborhood
market is indicative of market trends then this market is looking
rosey. Between the period of 1/1/2009 and 6/30/2009 there were 11 sales
of single family homes. This year 2010 during the same period there
have been 34 sales of single family detached.
Forest Lakes continues to show stabilized
value.

Forest Lakes a Charlottesville bedroom community in northern
Albemarle county is convenient to everything including downtown
Charlottesville, UVA, the Medical Center, and NGIC. Residents enjoy
many amenities including two swim and tennis clubs, a large fitness
center, 12 miles of paved jogging trails, neighborhood elementary and
middle schools. Out
of about approximately 1,400 homes in the neighborhood our MLS
indicates there are just 27 for sale,
only 4 of which are deemed distressed properties, and
just a scant few for rent. If
looking for a great place to live that's beautiful, clean, safe and
convenient to everything, please give this neighborhood a look.
Forest Lakes Single Family Homes Sales
Triple Since
Last Year !!
And if investment dynamics and market trends are your forte, then
you know that all real estate markets are local. Well if our local
Charlottesville Forest Lakes neighborhood market is indicative of
market trends then this market is looking good. Between the period of
1/1/2009 and 6/20/2009 there were 11 sales of single family homes. This
year 2010 during the same period there have been 34 sales of single
family detached. Also looking at the combination of attached and
detached homes over the same period the sales have doubled from 23 to
52.
Video
Tour of Beautiful Charlottesville Virginia
This video is for those of you unfamiliar with our
beautiful Charlottesville Virginia.

Charlottesville VA real estate has proven stability and rock solid
value. The University of Virginia and its world class medical
center
provide the stability. The value rests with its history, picturesque
beauty, central location, strong economy as well its past and present
property owners, who include among others Thomas Jefferson,
James Madison, James Monroe, Teddy Roosevelt,
Meriwether Lewis,
George
Rogers Clark, Muhammad
Ali, John
Kluge, John
Grisham, William
Faulkner, Jessica
Lange, Sam
Sheppard, Lee
Majors, Kate
Jackson, Sissy
Spacek, and The Dave Mathews Band.
Charlottesville Real
Estate - Forest
Lakes
New listing in Forest Lakes South.
Immense 4-5 bedroom (large master on 1st), 3 1/2 bath on a
cul-de-sac
is a combination of rare factors. Come see 180 degree winter views of
the Blue Ridge from large deck and/or screened in porch. Summer brings
a forest canopy viewed throughout the interior space by numerous
windows that bathe a two story great room w/stone fireplace, thermal
tiled breakfast area and gourmet kitchen. Master suite with two large
walk in closets. M bath with separate shower and jetted tub. Arguably
the finest lot in all Forest Lakes, backs to the Powell Creek Nature
Preserve. Magnificent sunsets with the lights of Wintergreen visible at
night. Large 13 SEER 5 Ton heat pump recently installed, forced air
with natural gas furnace back up. Gas water heater. Owner agent.