Perspective on the Charlottesville Real Estate Market – And – Appreciation?

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 – Charlottesville MSA home prices are predicted to rise in 2011.

Charlottesville MSA Home Prices Predicted to Rise.jpg

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:

Moving Median Average - Charlottesville MSA - 2005 to 2010

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 year

The Moving Median Average Home Price in the Charlottesville MSA for the past 30 days:

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 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.

A big caveat – we have no idea what the shadow inventory level is in the Charlottesville MSA.

Shadow inventory, courtesy CoreLogic
Shadow inventory, courtesy CoreLogic
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