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 (archived: 2019) – 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 (no longer available) 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 (archived: 2010).
A big caveat – we have no idea what the shadow inventory level is in the Charlottesville MSA.
Interested in Learning More?
I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
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