SUMMER NEWSLETTER
The Latest Update From Your Local Charlottesville Area Real Estate Team
REAL ESTATE MARKET TALK
*RealEstateMarket“Tid-Bits”–Summer2023–
“StrongHeadwinds”continueforHomebuyerslook ahomeduetotighthomeinventoryallacrosstheUSincluding CentralVA
MostMarketshaveseenadeclineinhomesalesactivityacrossthe U.S.
CentralVA(incl.Charlottesville)salesactivitydroppedby21.1% comparedtosameperiodin2022
It’sStillaSeller’sMarket–WellPricedHomesSellQuickly w/multipleoffers
Sellers’HomeEquityremainontherise,Homepricescontinueto climb
contact@yesrealtypartners.com
Inflationcontinuestobeona“calming”trend&wasdownto4.0% MortgageRatesareatanaverageof6.65%&arepredictedtolevel offto6%byyear-end
MedianHomePricesroseto$410,000(May2023)&remainstrong inVA
AverageDaysonMarketinVAinMaywas25days(+8daysfrom 2022)
OverallInventoryarepredictedtoincreaseslowlytowardsthe4th Q2023,early2024
Buildersarefocusingoncatchinguptothedemandthroughnew constructionnationwide,especiallyofhomesatalowerpricetiers.
hetherBuyingorSelling!Let'sDiscussYourMovingJourney.
Welcome
POSITIVENews: We'vegotYOURBack&areheretostay"COURSE"withYOU,
ces Dr LawrenceYun NARChefEconomist Dr LsaSturtevant ChiefEconomist HTMLS RyanPrce VARChiefEconomist ve you worked with a great Service Provider lately? If so, we'd LOVE to hear abou SCAN the QR Code to fill out Vendor Partner Referral For 969 2nd St. SE, Charlottesville, VA 22902
Sit in the shade during the "dog days" of summer and let us take care of your real estate needs! YES REALTY PARTNERS NEWSLETTER - 3RD QUARTER 2023 CONTACT US: 434.531.0817 www.yesrealtypartners.com
SUMMER!
The YES Realty Partner Team is Here to Serve YOU!
Gavin Sherwood - Laura Jennings
Emily Funk - Christopher Eagle - Ryan Ferguson Yonna & Keith Smith
3: Celebrating the Summer birthdays of Ryan Ferguson, Wendy Binder, and Michael Plecker! Happy Birthdays!
4: Thank you! YES Realty Partners won theKeller Williams Platinum Achievement Award for the 2nd year in a row! We couldn't achieve this milestone without YOU. We forward to continuing to serve you and our communities.
MARKET UPD Greater Charlottesville Area Homes Sold
2: Keith participated in the World Cycling Championship in New York with the pros He also took part in a fundraising cycling event to raise awareness and funds for Alzheimer's research. Awesome job!
SingleFamilyHomes"CHANGINGHANDS" FirstHalf2023 STAY CONNECTED WITH US WE LOOK FORWARD TO SERVING YOU IN 2023 & BEYOND Listed at $330,000 46 Brougham Rd PALMYRA, VA 22963 Listed by Laura Jennings, Realtor with YES Realty Partners, this beautiful home in Lake Monticello is close to the gate, built in 2021 and full of new appliances, open space, and privacy. Bed 2 Bath FeaturedLISTING 434.531.0817 REALTORS & OWNERS OF YES REALTY PARTNERS YES REALTY PARTNERS HIGHLIGHTS contact@yesrealtypartners.com 1,456 Sqft. Avg. Sale Price Avg. Day on Market SCAN TO LEAVE US A POSITIVE REVIEW SCAN TO FOLLOW US ON FACEBOOK UNDER CONTRACT Featured LISTING 4770 Mechunk Dr KESWICK, VA 22947 This Keswick home on 1.68 acres has a finished walkout basement and two fireplaces! Easy access to I-64! Contact Yonna Smith for details Call for Details! 3 Bed 3 Bath 1,888 Sqft. ON THE MARKET! *All data for Market Report obtained through CAAR. Deemed accurate but not guaranteed
1: The Spring Cleaning event at Lake Monticello was a huge success with a paper shredding truck and dumpster available. Coming again in the Fall!