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	<title>Comments on: Walkability=Affordability= Profitability=Livability</title>
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	<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/</link>
	<description>Tracking Charlottesville&#039;s Real Estate Market since 2005</description>
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		<title>By: Year-End Review of the Charlottesville Real Estate Market &#124; &#124; RealCentralVA.comRealCentralVA.com</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-33094</link>
		<dc:creator>Year-End Review of the Charlottesville Real Estate Market &#124; &#124; RealCentralVA.comRealCentralVA.com</dc:creator>
		<pubDate>Tue, 20 Dec 2011 12:51:28 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-33094</guid>
		<description>[...] I&#8217;m not saying that the depression is over, but the fact that more homes have sold in Charlottesville and Albemarle, year over year, is a good thing. That the outlying counties&#8217; numbers are down is due to a slew of factors, from foreclosures and short sales to people acting on their desires to be close to stuff. Walkability=Affordability=Profitability=Livability [...]</description>
		<content:encoded><![CDATA[<p>[...] I&#8217;m not saying that the depression is over, but the fact that more homes have sold in Charlottesville and Albemarle, year over year, is a good thing. That the outlying counties&#8217; numbers are down is due to a slew of factors, from foreclosures and short sales to people acting on their desires to be close to stuff. Walkability=Affordability=Profitability=Livability [...]</p>
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		<title>By: Walkability = Happiness &#8211; And why Does this Matter to Charlottesville Real Estate? &#124; RealCentralVA.com</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-31407</link>
		<dc:creator>Walkability = Happiness &#8211; And why Does this Matter to Charlottesville Real Estate? &#124; RealCentralVA.com</dc:creator>
		<pubDate>Wed, 08 Dec 2010 19:35:39 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-31407</guid>
		<description>[...] walking is good. It&#8217;s been demonstrated that walkability = affordability = profitability = livability; now walking = [...]</description>
		<content:encoded><![CDATA[<p>[...] walking is good. It&#8217;s been demonstrated that walkability = affordability = profitability = livability; now walking = [...]</p>
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		<title>By: Bike Paths Increase Property Values? &#124; RealCentralVA.com</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-30758</link>
		<dc:creator>Bike Paths Increase Property Values? &#124; RealCentralVA.com</dc:creator>
		<pubDate>Wed, 29 Sep 2010 17:57:05 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-30758</guid>
		<description>[...] Walkability increases property values and livability. [...]</description>
		<content:encoded><![CDATA[<p>[...] Walkability increases property values and livability. [...]</p>
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		<title>By: Can Crozet have Three Centers? &#124; RealCentralVA.com</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-30489</link>
		<dc:creator>Can Crozet have Three Centers? &#124; RealCentralVA.com</dc:creator>
		<pubDate>Mon, 23 Aug 2010 12:02:50 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-30489</guid>
		<description>[...] á la Charlottesville&#8217;s Downtown Mall?  - Housing would probably increase in value &#8211; houses that are close to stuff are more valuable. (Disclosure: I live within walking distance of the proposed [...]</description>
		<content:encoded><![CDATA[<p>[...] á la Charlottesville&#8217;s Downtown Mall?  &#8211; Housing would probably increase in value &#8211; houses that are close to stuff are more valuable. (Disclosure: I live within walking distance of the proposed [...]</p>
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		<title>By: Albemarle County to Announce Pedestrian Safety Grant — RealCrozetVA</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-29964</link>
		<dc:creator>Albemarle County to Announce Pedestrian Safety Grant — RealCrozetVA</dc:creator>
		<pubDate>Mon, 10 May 2010 17:08:30 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-29964</guid>
		<description>[...] Either way, walking to Crozet Elementary is a good thing. As is &#8220;walkability&#8221; for home prices. [...]</description>
		<content:encoded><![CDATA[<p>[...] Either way, walking to Crozet Elementary is a good thing. As is &#8220;walkability&#8221; for home prices. [...]</p>
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		<title>By: Baby Boomers and Charlottesville &#8211; What&#8217;s Next? &#124; RealCentralVA.com</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-29631</link>
		<dc:creator>Baby Boomers and Charlottesville &#8211; What&#8217;s Next? &#124; RealCentralVA.com</dc:creator>
		<pubDate>Mon, 08 Mar 2010 13:02:02 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-29631</guid>
		<description>[...] housing for those seeking to achieve the above goals, location is key &#8211; coming back to my “close to stuff” principle &#8211; close to groceries, libraries, things to do … but why aren&#8217;t builders [...]</description>
		<content:encoded><![CDATA[<p>[...] housing for those seeking to achieve the above goals, location is key &#8211; coming back to my “close to stuff” principle &#8211; close to groceries, libraries, things to do … but why aren&#8217;t builders [...]</p>
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		<title>By: Walk to School Day at Crozet Elementary - 18 September 2009 — RealCrozetVA</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-27958</link>
		<dc:creator>Walk to School Day at Crozet Elementary - 18 September 2009 — RealCrozetVA</dc:creator>
		<pubDate>Thu, 17 Sep 2009 21:19:25 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-27958</guid>
		<description>[...] 17 September 2009: I thought this story from RealCentralVA this was [...]</description>
		<content:encoded><![CDATA[<p>[...] 17 September 2009: I thought this story from RealCentralVA this was [...]</p>
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		<title>By: Charlottesville Rail Service for Tourists &#124; Real Central VA</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-27540</link>
		<dc:creator>Charlottesville Rail Service for Tourists &#124; Real Central VA</dc:creator>
		<pubDate>Fri, 28 Aug 2009 12:07:28 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-27540</guid>
		<description>[...] area to clients who are interested in being within walking or biking distance to something &#8211; usually coffee shops, grocery stores, schools &#8230; I perceive the demand to exist, but no real options to satisfy this [...]</description>
		<content:encoded><![CDATA[<p>[...] area to clients who are interested in being within walking or biking distance to something &#8211; usually coffee shops, grocery stores, schools &#8230; I perceive the demand to exist, but no real options to satisfy this [...]</p>
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		<title>By: jf.sellsius.theclozing</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-27514</link>
		<dc:creator>jf.sellsius.theclozing</dc:creator>
		<pubDate>Sat, 22 Aug 2009 13:21:56 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-27514</guid>
		<description>Yes, I think walkability is an important lifestyle/quality of life factor of value. Even close to drive to is important--- living in the boonies, as we call it, is not to most folks&#039; liking. (But being too close to stuff may not be so great-- I lived across the street from a junior high school which sucked for noise and parking during school hours :))
I&#039;d like to see a search function on commute time, similar to a proximity search.</description>
		<content:encoded><![CDATA[<p>Yes, I think walkability is an important lifestyle/quality of life factor of value. Even close to drive to is important&#8212; living in the boonies, as we call it, is not to most folks&#8217; liking. (But being too close to stuff may not be so great&#8211; I lived across the street from a junior high school which sucked for noise and parking during school hours <img src='http://realcentralva.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> )<br />
I&#8217;d like to see a search function on commute time, similar to a proximity search.</p>
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		<title>By: Jim Duncan</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-27513</link>
		<dc:creator>Jim Duncan</dc:creator>
		<pubDate>Sat, 22 Aug 2009 11:58:14 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-27513</guid>
		<description>One note on Crozet (and I promise to return to the comments after I finish showing houses all day, fighting UVA traffic) ....

Walkscore doesn&#039;t appear to have &lt;em&gt;any&lt;/em&gt; of the new stuff ... Trailside Coffee, the new salon in Old Trail, Anna&#039;s Pizza that&#039;s coming, Mudhouse Coffee, Greenhouse Coffee that&#039;ll be open soon ... it still lists Fabulous Foods as being open, doesn&#039;t have the orthodontist that&#039;s now open Downtown ... Crozet is becoming as walkable as anywhere else that&#039;s mentioned.

And, it seems to have a nightlife. We left the Fardowners Pub last night around nine and it was packed, went past Mudhouse and it seemed to be packed as well due to the musician we saw there.

More later.</description>
		<content:encoded><![CDATA[<p>One note on Crozet (and I promise to return to the comments after I finish showing houses all day, fighting UVA traffic) &#8230;.</p>
<p>Walkscore doesn&#8217;t appear to have <em>any</em> of the new stuff &#8230; Trailside Coffee, the new salon in Old Trail, Anna&#8217;s Pizza that&#8217;s coming, Mudhouse Coffee, Greenhouse Coffee that&#8217;ll be open soon &#8230; it still lists Fabulous Foods as being open, doesn&#8217;t have the orthodontist that&#8217;s now open Downtown &#8230; Crozet is becoming as walkable as anywhere else that&#8217;s mentioned.</p>
<p>And, it seems to have a nightlife. We left the Fardowners Pub last night around nine and it was packed, went past Mudhouse and it seemed to be packed as well due to the musician we saw there.</p>
<p>More later.</p>
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		<title>By: Arthur</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-27512</link>
		<dc:creator>Arthur</dc:creator>
		<pubDate>Sat, 22 Aug 2009 11:24:28 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-27512</guid>
		<description>No good reason for leaving 10th and Page off, I would have included that in my &quot;lots of places&quot; comment.  The railroad does make it a little farther from downtown on foot than it appears at a glance, but it is very walkable, especially if you spend time at the University.  Walkscore gives it 83 out of 100.    

The market seems pretty well-supplied generally, doesn&#039;t it?</description>
		<content:encoded><![CDATA[<p>No good reason for leaving 10th and Page off, I would have included that in my &#8220;lots of places&#8221; comment.  The railroad does make it a little farther from downtown on foot than it appears at a glance, but it is very walkable, especially if you spend time at the University.  Walkscore gives it 83 out of 100.    </p>
<p>The market seems pretty well-supplied generally, doesn&#8217;t it?</p>
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		<title>By: C'ville Bubble Blog</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-27505</link>
		<dc:creator>C'ville Bubble Blog</dc:creator>
		<pubDate>Fri, 21 Aug 2009 18:43:34 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-27505</guid>
		<description>A couple points.  From the article:
&quot;But properties which produce more income at any given point in time will not automatically generate higher investment returns if the higher income was already expected when the property was acquired and purchased at a price that reflects that expectation.&quot;

And from commenter Daniel:
&quot;...but surely the demand exceeds the current level of supply.&quot;

In Belmont, supply at the &quot;high end&quot; of the market far exceeds demand (not the lower-end, &quot;charming Belmont Cottage&quot; that goes for $200,000).  Thinking of the houses in the mid-300&#039;s-599&#039;s that have never sold; some are empty, some are now rentals.  

Belmont has a &quot;buzz&quot; that includes walkability to &quot;Downtown Belmont&quot; as well as to the Downtown Mall.  As the article notes, there was an expectation of profitability built into the pricing.

Somehow, though, the actual demographics of potential buyers weren&#039;t taken into consideration as prices went up and up.  When zero down and Option ARMs were available, a consideration of potential buyers wasn&#039;t necessary, anywhere.  But those who&#039;d like to buy in the area now often cannot.  Or are waiting for things to sort themselves out.  (BTW, the BB has an upcoming post that overviews Belmont.) 

Other areas have decent supply as well.  Thinking specifically of 10th and Page area.  In fact, this week&#039;s Hook &quot;On the Block&quot; features a house on West Street that has been on the market for (at least?) two years.  There are at least 10 houses within a stone&#039;s throw for sale; at least three  are on the same street.  And some have much lower prices than Belmont (not the house featured in The Hook, however.)

This area isn&#039;t on Arthur&#039;s walkabilty list, perhaps for good reason.  But there are comparative &quot;bargains&quot; in that area, and it is highly walkable to UVA and downtown.

Downtown Crozet seems to be getting more walkable every month.  Buyers are finding low prices in that area as well; there seems to be plenty of supply.  Ditto Hollymead, though this area has a much more &quot;suburb&quot; feeling to it; there&#039;s not a &quot;town center&quot; that really springs from local businesses.</description>
		<content:encoded><![CDATA[<p>A couple points.  From the article:<br />
&#8220;But properties which produce more income at any given point in time will not automatically generate higher investment returns if the higher income was already expected when the property was acquired and purchased at a price that reflects that expectation.&#8221;</p>
<p>And from commenter Daniel:<br />
&#8220;&#8230;but surely the demand exceeds the current level of supply.&#8221;</p>
<p>In Belmont, supply at the &#8220;high end&#8221; of the market far exceeds demand (not the lower-end, &#8220;charming Belmont Cottage&#8221; that goes for $200,000).  Thinking of the houses in the mid-300&#8242;s-599&#8242;s that have never sold; some are empty, some are now rentals.  </p>
<p>Belmont has a &#8220;buzz&#8221; that includes walkability to &#8220;Downtown Belmont&#8221; as well as to the Downtown Mall.  As the article notes, there was an expectation of profitability built into the pricing.</p>
<p>Somehow, though, the actual demographics of potential buyers weren&#8217;t taken into consideration as prices went up and up.  When zero down and Option ARMs were available, a consideration of potential buyers wasn&#8217;t necessary, anywhere.  But those who&#8217;d like to buy in the area now often cannot.  Or are waiting for things to sort themselves out.  (BTW, the BB has an upcoming post that overviews Belmont.) </p>
<p>Other areas have decent supply as well.  Thinking specifically of 10th and Page area.  In fact, this week&#8217;s Hook &#8220;On the Block&#8221; features a house on West Street that has been on the market for (at least?) two years.  There are at least 10 houses within a stone&#8217;s throw for sale; at least three  are on the same street.  And some have much lower prices than Belmont (not the house featured in The Hook, however.)</p>
<p>This area isn&#8217;t on Arthur&#8217;s walkabilty list, perhaps for good reason.  But there are comparative &#8220;bargains&#8221; in that area, and it is highly walkable to UVA and downtown.</p>
<p>Downtown Crozet seems to be getting more walkable every month.  Buyers are finding low prices in that area as well; there seems to be plenty of supply.  Ditto Hollymead, though this area has a much more &#8220;suburb&#8221; feeling to it; there&#8217;s not a &#8220;town center&#8221; that really springs from local businesses.</p>
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		<title>By: Arthur</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-27503</link>
		<dc:creator>Arthur</dc:creator>
		<pubDate>Fri, 21 Aug 2009 18:04:46 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-27503</guid>
		<description>The other thing about walkable neighborhoods in terms of investment is that they tend to focused around cores, so the supply is difficult to expand.    Not only are there network effects with greater density increasing amenities and so demand for housing in the area (at least for some people), but increasingly the supply starts to become more costly as buildings have to go up or you have to build on more difficult terrain.</description>
		<content:encoded><![CDATA[<p>The other thing about walkable neighborhoods in terms of investment is that they tend to focused around cores, so the supply is difficult to expand.    Not only are there network effects with greater density increasing amenities and so demand for housing in the area (at least for some people), but increasingly the supply starts to become more costly as buildings have to go up or you have to build on more difficult terrain.</p>
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		<title>By: Arthur</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-27502</link>
		<dc:creator>Arthur</dc:creator>
		<pubDate>Fri, 21 Aug 2009 17:53:55 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-27502</guid>
		<description>I don&#039;t think of Johnson Village as walkable.  It has nice sidewalks and shade trees, but is not close to stuff.   
Here are the Walkscores for the neighborhoods mentioned.  

Belmont  (@belmont and avon) 89
N. Fifeville (@7th and Dice)  86
Downtown Crozet 85
Martha Jefferson (@the hospital) 82
JPA  (@shamrock) 60
Johnson Village  49
Hollymead  48
Old Trail in Crozet  17 (something amiss here)

In Charlottesville, I think of anything within a half mile of the downtown mall or the corner as very walkable.  That includes, most of Belmont, Martha Jefferson, the Northern part of Fifeville, Starr Hill, lots of places.   In my experience, the big cost benefits of being able to walk or bike come from being  able to commute and so get rid of a car.  So that depends on where you work.  The other walking trip that I value is going out for dinner or drinks.  Drink &#039;n walk.  I used to think groceries would be important, but who wants to haul 6 bags of groceries home in the summer?</description>
		<content:encoded><![CDATA[<p>I don&#8217;t think of Johnson Village as walkable.  It has nice sidewalks and shade trees, but is not close to stuff.<br />
Here are the Walkscores for the neighborhoods mentioned.  </p>
<p>Belmont  (@belmont and avon) 89<br />
N. Fifeville (@7th and Dice)  86<br />
Downtown Crozet 85<br />
Martha Jefferson (@the hospital) 82<br />
JPA  (@shamrock) 60<br />
Johnson Village  49<br />
Hollymead  48<br />
Old Trail in Crozet  17 (something amiss here)</p>
<p>In Charlottesville, I think of anything within a half mile of the downtown mall or the corner as very walkable.  That includes, most of Belmont, Martha Jefferson, the Northern part of Fifeville, Starr Hill, lots of places.   In my experience, the big cost benefits of being able to walk or bike come from being  able to commute and so get rid of a car.  So that depends on where you work.  The other walking trip that I value is going out for dinner or drinks.  Drink &#8216;n walk.  I used to think groceries would be important, but who wants to haul 6 bags of groceries home in the summer?</p>
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		<title>By: Top 5 real estate posts of the day 8/21/2009</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-27501</link>
		<dc:creator>Top 5 real estate posts of the day 8/21/2009</dc:creator>
		<pubDate>Fri, 21 Aug 2009 14:37:17 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-27501</guid>
		<description>[...] Walkability=Affordability=Profitability=Liveability – A couple of days ago this space had a link to a post about higher value for “walkable” [...]</description>
		<content:encoded><![CDATA[<p>[...] Walkability=Affordability=Profitability=Liveability – A couple of days ago this space had a link to a post about higher value for “walkable” [...]</p>
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		<title>By: Daniel</title>
		<link>http://www.realcentralva.com/2009/08/21/walkabilityaffordabilityprofitabilitylivability/#comment-27500</link>
		<dc:creator>Daniel</dc:creator>
		<pubDate>Fri, 21 Aug 2009 12:03:20 +0000</pubDate>
		<guid isPermaLink="false">http://1284836806#comment-27500</guid>
		<description>I concur with Super Ninja Robot that 20 min. is pretty much my personal threshold as well. Longer than that, and I&#039;d probably use a different mode. That being said, I&#039;d add that design makes a huge difference here too. I&#039;d be willing to walk about twice as far along the downtown mall or a nice neighborhood than I would in other locations. Trees for shade, interesting shops, other people around, attractive buildings all matter. Safety is an issue too, of course, especially at crossings.

I agree with all of the neighborhoods you&#039;ve mentioned. I&#039;d also add my own of the northern portion of Fifeville, esp. north of Cherry. I think there is a reason why Fifeville had a greater increase in assessed value than any other neighborhood in the region.

Thanks for bringing up the profitability component to this. Walkable neighborhoods aren&#039;t for everyone, but surely the demand exceeds the current level of supply.</description>
		<content:encoded><![CDATA[<p>I concur with Super Ninja Robot that 20 min. is pretty much my personal threshold as well. Longer than that, and I&#8217;d probably use a different mode. That being said, I&#8217;d add that design makes a huge difference here too. I&#8217;d be willing to walk about twice as far along the downtown mall or a nice neighborhood than I would in other locations. Trees for shade, interesting shops, other people around, attractive buildings all matter. Safety is an issue too, of course, especially at crossings.</p>
<p>I agree with all of the neighborhoods you&#8217;ve mentioned. I&#8217;d also add my own of the northern portion of Fifeville, esp. north of Cherry. I think there is a reason why Fifeville had a greater increase in assessed value than any other neighborhood in the region.</p>
<p>Thanks for bringing up the profitability component to this. Walkable neighborhoods aren&#8217;t for everyone, but surely the demand exceeds the current level of supply.</p>
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