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…
(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…
The fourth month of 2021 continued an active trend, with many single-family homes and their lots selling well over this year’s assessment. With the exception of the purchase of a retail strip on Cherry Avenue, there were not many major transactions involving commercial real estate. Unless you count some of the purchases of residential properties…
Much of what I write about is planning. But to really understand what’s happening in Charlottesville, it’s important to look through transactions. I share this with you to give an anecdotal view of the market. No analysis is intended with this list, but I do think reading through it is a valuable exercise for anyone…
To keep up with what’s happening in land use in the community, I spend some free time when I can going through recent transactions. No analysis of this is intended. The point is to have a snapshot of various transactions. People who subscribe through Substack get the first look at this each month. Do consider…
Charlottesville has spent several years reviewing land use policies through a process known as Cville Plans Together. Council is expected to approve a new zoning code by the end of the year, completing a three-tier initiative that’s already seen adoption of an Affordable Housing Plan and a new Comprehensive Plan. The Planning Commission made its recommendation on…
As a reporter who writes a lot about land use, one of my frequent practices is to look through property transactions. This gives me a sense of what’s happening across Charlottesville. As a Substack subscriber, you are helping cover the cost of my time to do this work. As a result, I want to share…
The annual reassessment of property in Charlottesville is complete, and over 95 percent of residential property increased this year. In all, there are 15,164 taxable parcels in the city, and the overall increase for 2022 is 10.77 percent. The overall average increase for residential property is 11.69 percent, with only 1.37 percent decreasing in value…
The owners of Anna’s Pizza #5 on Maury Avenue in Charlottesville have announced they will be closing at the end of this year after a 46-year run. “We appreciate all the love and the relationships we have developed as you allowed us to put great food on your tables,” states a Facebook post made yesterday. “We…
