Have a look at this:
These Are The 15 Housing Markets That Will Get Crushed The Hardest By 2012.
Note that the traditional hotspots are there, and nowhere in Virginia is.
And then there’s this – Charlottesville MSA home prices are predicted to rise in 2011.
I’ll let you know in 2013 if they’re right.*
The Moving Median Average Home Price in the Charlottesville MSA for the past five years:
The Moving Median Average Home Price in the Charlottesville MSA for the past year:
The Moving Median Average Home Price in the Charlottesville MSA for the past 30 days:
You never know, I could be right. In July 2009, I called the bottom of the market as coming in the 4th Quarter of 2010. I’d say I was hopeful, but hope’s been a bit bastardized of late. I’ll stick with “cautiously optimistic.”
While you’re at it, have a look at Nest Realty Group’s new market stats.
A big caveat – we have no idea what the shadow inventory level is in the Charlottesville MSA.
Shadow inventory, courtesy CoreLogic
