Charlottesville
The HooK has severa’l articles in this week’s issue. I have skimmed them and will have further commentary later. In the meantime –
A whole-house checkup checklist
Is Albemarle County to blame for growth/prices/etc?
Economist Dean Baker was so worried about a housing bubble that he sold his Washington, D.C., condominium– at three times the price he paid for it– and rented an apartment instead. Now, about two years later, he’s still waiting for the bubble to pop.
And lastly, this quote. ”No, we definitely don’t see any bubble bursting here, says Dave Phillips, Charlottesville Area Association of Realtors CEO.
It’s Econ 101: high demand, low supply. ”If your price range is $300,000,“ explains Phillips, ”there may be 10 houses in the entire market and 40 people looking.
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…