Another month, another summary of property transactions in Charlottesville. I’ve written about land use issues in the city and Albemarle County for many years, and this is an exercise I began doing toward the end of my time at Charlottesville Tomorrow. I wanted to better understand the finances involved with the business of land development as the…
Another anecdotal look at property sales with few frills This month I’ll keep it simple. This is intended to be an anecdotal list of transactions of property in Charlottesville for the month of April. This is not an automated process, because I use this review to keep an eye on what is happening in the…
The 15th anecdotal look at the Charlottesville Property Market by a longtime land use reporter To begin, the answer to the question in the last line of this installment is Medium Intensity Residential. Nearly five months have passed since the Charlottesville City Council adopted a new Future Land Use Map that grants additional residential density for every single…
When you read through my latest installment of monthly property transaction summaries, think about the 2022 assessments in Charlottesville. Virginia state law requires properties to be assessed at 100 percent of their fair market value as determined by the appropriate local government. “Market value is defined as the most probable price expressed in terms of money that…
Some people know much more about how real estate works than others. I disclaim I own one house within Charlottesville but otherwise have no interest in using additional property to advance my material wealth. For others, this is their career. I write these because as the community seeks solutions to the high cost of housing,…
For each of the past 12 months, I’ve kept a regular record of property transactions in Charlottesville and I’ve posted what I come across for people to see. I’m not a real estate agent, but I’ve written about land use for many years. The best way to stay on top of things is to look…
Eleven months down, one more to go. This year has seen a lot of transactions that are well over the official city assessment, and November was no exception. What will the assessments be like in 2022? Is it possible to determine yet if the Future Land Use Map of the Comprehensive Plan has influenced purchases?…
Ten months have passed this year, and I’ve now published summaries of property transactions in Charlottesville for each of them. I look through each purchase and title transfer in order to better understand the market. I am not a real estate expert, but I have been writing about the way land is used in this…
This past month I have received at least two dozen “price decease” alerts from realtor.com. How is that translating into the market? Read ahead and find out for yourself in this anecdotal look at property transactions in Charlottesville during September. Properties appear to be sold above assessment in most all cases. Of particular interest to…
When I launched this particular feature in January, I did so because I wanted to better understand the real estate economy in Charlottesville. I have owned my home for over 13 years now, a time that roughly coincides with the time I have spent taking a close look at local government as it relates to…