Nearly a Billion Dollars of Real Estate on the Market in Charlottesville & Albemarle


Some somewhat random data musing for the day — (when I initially wrote the headline, I was including new construction … which massively increases the totals).

Last year in the City of Charlottesville, 517 homes (condos + attached + single family) sold – the median price was about $262k and the total sold was about $162 million worth of real estate.

And this:

Last year in the County of Albemarle, 1467 homes (condos + attached + single family) sold – the median price was about $330k and the total sold was about $624 million worth of real estate.

The question I’m going to try to answer later this week is “What are your metrics for gauging market health? How do you decide whether Albemarle is ready for a $1b MKT?

I do know this – “normal” is now.

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