Last year CNBC did a story on the “million dollar home” market in Charlottesville (actually Albemarle County, or “CharlAlbemarle”), and specifically referenced this house in Western Albemarle (bad link). The property has now dropped from its original asking price of $1.19 million; the current asking price is $895,000.
Two things jump out when looking at this (temporary) MLS link – (update 3/21/2022 – link is bad)
1 – The property is now listed with a new agent and firm.
2 – The previous agent stripped most of the information from his listing – all photos, ad copy, etc – harming the quality and value of the MLS. When will Realtors learn that the quality of the data matters?
In Charlottesville and Albemarle, there are currently 146 properties actively on the market between $750k and $1.5 Million; 62 have sold in the past 6 months.