“The amount of residential housing available for middle income families has increased significantly in the past three to four
years.””
years.””
“”The City of Charlottesville has actually been losing population for quite awhile, but Albemarle County has been gaining population.””Neither the Cavalier Daily article (no longer available) nor this particular study (PDF (archived: 2006))by the Weldon Cooper Center for Public Service address the above statement directly, but the fact that the City of Charlottesville is experiencing a slow decline or stagnation is no surprise. Few people can afford to live in the City itself; most commute into the City to work.“The City’s location within Albemarle County also plays a key role in its population growth.
“Charlottesville is an island in the middle of the ocean that is Albemarle County,” Dr. Martin said. “Housing availability is low, and prices are
high.”
No kidding.
Despite the recent decline in population growth, there is some evidence of future expansion.
“In the last three or four years, the real estate industry has come alive,” Caravati said.
“The amount of residential housing available for middle income families has increased significantly in the past three to four years.””
Really? In what world is he living? Unless “middle income families” refers to those who can afford houses costing at least $250k.
” The median sales price for the entire market area in 2004 was $247,250 which is $18,000 more than the previous year?s figure.” – from Caar.com (archived: 2007)
There is a great deal more statistical data at this site here (archived: 2012) and here are good places to start. If anybody wants to give me an executive summary, I would be greatly appreciative!
Interested in Learning More?
Jim Duncan has been helping buyers and sellers in Charlottesville’s neighborhoods for 25 years. Get local insight born of experience.
Dig Deeper
A Charlottesville e-bike Success Story
I have an e-bike. I love my e-bike. I ride it to meetings all over the City of Charlottesville instead of driving my car. e-bikes are great. A friend got an e-bike. He loves his e-bike. He has a different perspective, and I asked him…
e-bikes are good
"I want to get an e-bike." The mobility just seems incredible." And it is. A friend made that comment recently on one of my Strava e-bike commuting rides. It's possible to ride an e-bike around Charlottesville and the immediate urban ring of Albemarle County. Mostly…
When Will Homes Come on the Market in Charlottesville and Albemarle in 2026?
When will homes come on the market in Charlottesville and Albemarle in 2026? The Charlottesville real estate cycle has bee fairly consistent over the years. In 2023, I wrote a similar story to this one. The biggest two changes between 2023 and 2026* are: interest…
Developers Have Long-Term Vision
Developers think and plan long-term. Generally. An example. Many years ago, I represented sellers of a piece up land up 29 North. It was a relatively small piece of land, and we received an offer pretty quickly for asking price. About twenty years later, all…