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It's the most wonderful time of the year in Central Virginia! Read on for a list of the top things to do in the greater Charlottesville area this month to ring in the holidays!

1. A Charlie Brown Christmas: The Four County Players
Nov. 18 - Dec.4 | Barboursville 
The beloved animated TV special comes to beautiful life in this faithful stage adaptation. 
www.fourcp.org/_a-charlie-brown-christmas

2. Charlottesville Holiday Market: City Market
Nov. 26 - Dec.17 | Charlottesville
The festive outdoor market features over 100 local vendors with a variety of unique gifts, decorations, food and crafts.  All items are handmade, homegrown or home baked by local farmers, artists or bakers. 
www.charlottesville.org/Home/Components/News/News/6246/635

3. Holiday Evening Tours: Monticello
Dec. 9 - 30 | Charlottesville 
The rare opportunity to experience Monticello after dark, historically decorated and illuminated for the season.  
www.monticello.org/site/visit/tours/holiday-evening-tours

4. National Lampoon's Christmas Vacation: The Paramount
Dec. 10, 7:00 pm | Charlottesville Downtown Mall
See this classic Christmas movie on the big screen at The Paramount Theater
www.theparamount.net/2016/the-paramount-presents-national-lampoons-christmas-vacation-pg-13

5. The Charlottesville Municipal Band's Holiday Concert

Dec. 11 | 3:30 pm | free | CHS
Join the Band in its 94th season as they perform holiday classics with special guests from the Oratorio Society of Virginia.
www.cvilleband.org/wp/event/94th-season-holiday-concert

6. Holiday Lantern Tours: Frontier Culture Museum
Dec. 16 - 23 | Staunton
Join us for an evening tour around the Museum by lantern light. 
www.frontiermuseum.org/lantern-tours-2016/

7. Christmas at the Paramount: The Oratorio Society of Virginia
Dec 17. | 2:30pm | Charlottesville Downtown Mall
Charlottesville area’s longest-running volunteer community chorus, is excited to reprise Handel’s Messiah
www.theparamount.net/2016/oratorio-society-of-virginia-presents-christmas-at-the-paramount

8. The Nutcracker: Charlottesville Ballet
Dec. 17 - Dec. 22 | PVCC
Bring the family to this classic Christmas Ballet
www.charlottesvilleballet.org/event/nutcracker

9. Great Russian Nutcracker: Moscow Ballet
Dec. 18 | The Paramount, Charlottesville Downtown Mall
Enchant the whole family with larger than life magical props, a 60' growing Christmas tree and spectacular Russian-made costumes and sets. A must-see event, witness the world’s best dancers on stage at The Paramount!
www.theparamount.net/2016/moscow-ballets-great-russian-nutcracker

10. First Night Virginia: The Downtown Mall

Dec. 31 | Charlottesville
The mission of First Night Virginia is to bring families together and unite the community in all its diversity through the visual and performing arts in Charlottesville on New Year's Eve. Throughout the night, there are fabulous musicians, magicians, storytellers, puppet shows, and entertainers galore. 
www.visitcharlottesville.org/listing/first-night-virginia%3A-december-31/1017



Posted by Anita Dunbar on December 7th, 2016 12:07 PM

Article from the Washington Post 9/7
By Ilyce Glink and Samuel J. Tamkin

I’ve been scouring the Internet (without success), looking for data regarding whether short-term rentals (STRs, e.g., Airbnb, HomeAway, etc.) increase or decrease property values in the areas around them, as well as whether home buyers are more likely to pay more for a home that can be rented as an STR. It would be great if you could look into this. There is a major debate about this in my condo community, as well as in Austin where I live.

Short-term rentals are of increasing concern to homeowners, real estate agents, local communities, and the National Association of Realtors (NAR). At the 2016 Realtor Legislative Meetings in in May, a panel of industry experts spent 90 minutes discussing whether short-term rentals infringed on property rights.

According to a news release published after the event, co-moderator Christopher McElroy, a Realtor from Colorado and chairman of NAR’s State & Local Issues Policy Committee, said owning property comes with a “bundle of rights,” including the opportunity to rent owned property to another individual. However, advancing technology has expanded choices for consumer travel and changed traditional rental market time frames to much shorter periods.

McElroy said, “The increased popularity of short-term rentals puts additional pressure on availability and affordability [of lodging options] in tourist communities, and now local governments are looking at ways to tax them in a similar way as hotels or bed-and-breakfasts.”

Also noted in the release, Brian Blaesser, a real estate attorney partner at the Boston office of law firm Robinson & Cole, said that local governments are seeking to regulate rental housing in various ways, including through registrations and inspections.

“Fundamental property rights state that you should be able to buy, rent or sell a property,” he said. “Limiting renting is taking away one of those three rights, and further regulations beyond registration and inspection can be dangerous.”

The panel agreed that renting a property for less than 30 days is still a residential activity vs. a commercial activity. In other words, just because you lease your home overnight doesn’t necessarily make it a commercial property.

There are other concerns afoot. In the January issue of Realtor Magazine, a story by contributing writing Carolyn Schwaar covered a variety of issues relating to short-term rentals, including zoning and other local law restrictions on short-term rentals, the shifting nature of those laws, and the effect of short-term rentals on property values and the second-home market.

In terms of the effect short-term rentals have on neighbors, it’s a negative effect if the neighbor is renting what’s known as a “party house,” but a positive if a property can advertise “rentable areas,” such as an in-law unit or coach house with its own entrance.

In areas where short-term rentals are accepted or encouraged, and neighbors aren’t hostile to it, a home with “rentable” features might sell for more money, according to some Realtors. And in some areas, said Craig Kalkut, vice president of government affairs at the American Hotel and Lodging Association, there’s evidence that vacation-home sales are going up because these sorts of platforms have become an accepted way to book a vacation.

But there are many communities looking to restrict online options such as Airbnb, HomeAway, VRBO and FlipKey, or at least make money from the transactions. Portland, Ore., legalized Airbnb short-term rentals, requires homeowners to have a permit, and receives tax and lodging fees. In your home town of Austin, city officials are looking to strengthen short-term rental restrictions, and perhaps even outlaw it in some neighbors. In San Francisco, an upcoming ballot initiative would increase restrictions, according to Realtor Magazine.

Condo buildings often have their own restrictions relating to rentals and typically do not allow short-term rentals of less than six months, or in some cases one year. That would mean overnight or even monthly rentals would not be allowed. The condos that do permit monthly rentals are often in vacation communities, where people might want to rent a house in the mountains for a month in the summer, or by the beach in the winter.

From a sales point of view, condo buildings should tread carefully, as it’s easy to run afoul of Fannie Mae or Freddie Mac’s rules regarding what would make a building ineligible for loans by either of these quasi-governmental organizations. Fannie Mae, for example, will not buy a loan for a property if the building allows units to be rented by the day. In effect, that rule means buyers in your condo building would become ineligible for a Fannie Mae loan.

According to a spokesman for NAR, the organization hasn’t taken a position on either side of the argument. After all, someone is still buying and selling these properties, whether they’re primarily owner-occupied, vacation homes, second homes or investment homes.

Given the new nature of these rentals and occupancy issues, it may vary greatly from one neighborhood to another whether short-term rentals help or hurt a neighborhood or a particular development.

We hope this helps.

Ilyce Glink is the creator of an 18-part webinar+ebook series called “The Intentional Investor: How to Be Wildly Successful in Real Estate” as well as the author of many books on real estate. She also hosts the “Real Estate Minute” on her YouTube channel.Samuel J. Tamkin is a Chicago-based real estate attorney. Contact them at


See Original article here  

Posted by Anita Dunbar on September 19th, 2016 4:11 PM
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Above: School is back in session; Photo from UVA

The September Newsletter, Market Recap, and Fearless Forecast

Students are officially back and school and Labor Day is behind us - we are heading into a much needed autumn after record-breaking summer temperatures in Virginia! Jim and I have been taking full advantage of the summer weather all season with stops at Virginia Beach and even Hilton Head. We look forward to enjoying the coming cooler nights out on the patio and of course, UVA Football season!

Best Wishes,
Anita Dunbar
Market Recap and Fearless Forecast
*August statistics not yet released*
  • The 355 homes sold in July Greater Charlottesville marked an increase from the past 5 years of sold's, averaging at 290 in the month.
  • The median sales price of $274,900 was lower than The 5 year average of $276,480.
  • Though the median sales price has dropped, homes sold in July for 96% or list price, up by 3% of the past 5 years' average rate. 
                    
So what can we anticipate as we close out the third quarter?
The market springs into life come March, but the fall is another hot market season. Especially after our record high temps in at the start of the quarter in July and August, buyers and sellers are re-emerging from their air conditioned homes and coming back to life. Homes with mountain-views especially shine when the leaves start to fall- views that are partially blocked by luscious greenery 5 months out of the year really start to shine. 
 

       In C'Ville and Real Estate News        


 Image result for uva football schedule
UVA Football is back! Cheer on our 'Hoos  all fall. Find information about all of UVA's athletic teams and get the scoop on new coach, Bronco Mendenhall, here

"If someone is shopping for a mortgage or refinanced mortgage, will every inquiry count as a hard pull on their credit file, thus hurting their credit score? No! the FICO model uses 'shopping windows' to allow consumers time to search for new credit. Find out about the window here

"'These are new options that we feel have been responsive to the concerns expressed in the previous settlements,' says Norris. 'More importantly, it addresses the bigger issue of the lack of parking downtown.'" The "Parking Wars" continue in Charlottesville. Read the full story here.

Charlottesville's Smoked BBQ Co.  food cart to open new restaurant in Crozet in late October and otherlocal food news here
 

I'm here to help...

Too much going on to think about a much needed cleaning or landscaping? I am happy to connect you with professional cleaning and yard services from window washers to re-graveling the yard to a full landscape makeover. 

Would you like an update on the value of your home? Contact me for an updated home valuation.
And remember...
If you are moving to an unfamiliar city, let me connect you with a Certified Residential Specialist. Because you deserve a REALTOR who will go the extra mile when you're moving the extra mile
 
REFER A FRIEND
Copyright © 2016 Anita Dunbar, All rights reserved.

Montague, Miller & Company
500 Westfield Rd, Charlotesville VA 22901

(o)434-951-7135  (c)434-981-1421
anitadunbar1@gmail.com




 


 

 
Posted by Anita Dunbar on September 9th, 2016 3:01 PM
Posted by Anita Dunbar on May 19th, 2016 12:24 PM
Your connection to real estate news and all things Charlottesville
View this email in your browser
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Above: "A Walk on the Lawn" Photo from UVA Magazine

The May Newsletter, Market Recap, and Fearless Forecast

Despite our dreary weather as of late, we are officially enjoying spring time! With that comes a new season of UVA Baseball and of course, graduations both in town and around the country. Congratulations to the many of you with children and grand children "walking the stage" in the coming weeks and congratulations especially to those of you completing graduate and medical  school this year. I wish you and your families the best of luck on a successful future! 

Best Wishes,
Anita Dunbar
Market Recap and Fearless Forecast
As we coast into the middle of the second quarter, let's take a look at what got us here by the end of the first quarter.
  • The 562 homes sold in the 1st Quarter in Greater Charlottesville marked a 14.0% increase from Q1 2015, marking the 6th straight quarter with year-over-year sales gains.
  • The median sales price of $250,000 was 2.6% lower than Q1 2015, though the $315,204 average sales price marked a 3.0% gain.
  • Despite a 16.4% increase in new listing activity during the quarter, inventory remains 6.6% lower than Q1 2015.
  • The 1,789 active listings headed into the 2nd Quarter represent 7.7 months of supply, down from 9.0 months from Q1 2015.
  • Half of the homes sold in the 1st Quarter were on the market 80 days or less, one week higher than the median DOM in Q1 2015.
So what can we anticipate as we proceed through spring and into summer?
We are heading into another positive mid-year market as sales are predicted to stay in line with 2015 with a 3-5% increase in price form last year.  Like the start 2016, we are seeing an influx of buyers taking advantage of the low interest rates leading to a lower inventory of homes for a high quantity of people.
We continue to stay positive about the movement of the market. As illustrated below, April saw a rise in pending properties with a decrease in the amount of months that a listing will stay on the market in average.


Pending Sales  Months of Inventory

       In C'Ville News        


 

"50 ways to have outside right now:" A guide to Charlottesville and Central Virginia's great outdoors Find the story here

Coming in from out of town? " Between the Corner and downtown Charlottesville, five hotel projects are in the works—and that doesn’t include the recently opened Residence Inn on the corner of West Main Street and Ridge-McIntire Road, nor Graduate Charlottesville, which opened last year." Find out about these projects here

It's bear cub season in Virginia:  
While they’re out exploring and learning about the world, bear cubs can find trouble in a variety of ways. Find out what to look out for during bear cub season here.
 

I'm here to help...

Too much going on to think about a spring cleaning or landscaping? I am happy to connect you with professional cleaning and yard services from window washers to re-graveling the yard to a full landscape makeover. 

Would you like an update on the value of your home? Contact me for an updated home valuation.
And remember...
If you are moving to an unfamiliar city, let me connect you with a Certified Residential Specialist. Because you deserve a REALTOR who will go the extra mile when you're moving the extra mile
 
REFER A FRIEND
Copyright © 2016 Anita Dunbar, All rights reserved.

Montague, Miller & Company
500 Westfield Rd, Charlotesville VA 22901

(o)434-951-7135  (c)434-981-1421
anitadunbar1@gmail.com




 


 
Posted by Anita Dunbar on May 13th, 2016 3:29 PM