(This piece originally appeared on Charlottesville Community Engagement as an article for paid subscribers. Please consider becoming one to ensure these reviews can continue!)
2021 continues to be a year where the price of single-family residential homes and lots is increasing in Charlottesville, seemingly with no end in sight. Interest-rates remain low, as does interest in making large financial investments.
I feel it’s important to understand what’s happening here parcel by parcel, transaction by transaction. That helps me have a better understanding, though this month’s list raises more questions.
What insights do you have? How do these real-world transactions affect consideration of the recently adopted Affordable Housing Plan? Were any of these transactions influenced by the not-yet-adopted Future Land Use Map? How many of these houses might have been purchased for their land?Read more