As the week winds down for most (I am gearing up to continue showing throughout the weekend), these are a few stories worth reading, each of which relates in some way to the CharlAlbemarle region’s real estate market.
Ardell at RCG has two outstanding posts –
CoolTown Studios has this:
53% of 24-34 year olds would choose to live in transit-rich, walkable neighborhoods, less than 25% of middle-aged Americans are interested in living in dense areas. Source: CNU
– Demand for housing within walking distance of transit will more than double by 2025. Properties within a 5-10 minute walk to a train stop are selling for 20-25% more than comparable properties further away, and going up. Source: Center for Transit-Oriented Development
If we want to remain a vital, vibrant community, we should take note.
The desk-top appraisal said the home would be worth $400,000, but the drive-by and on-site visit lowered it significantly, to the $305,000 to $320,000 ballpark, which Mr. Hagar said would be the most accurate for our purposes.