Charlottesville’s Real Estate Blog since 2005.

Clear, Honest Market Analysis. For People, Not Realtors.

Albemarle

1st Quarter 2020 Market Report; Four Things Could Happen to Charlottesville Market

1st Quarter 2020 Market Report; Four Things Could Happen to Charlottesville Market

I’m putting these market reports here because in a few years, they’re going to be important to review. Maybe not important, but important that they lives somewhere in perpetuity that’s not my hard drive.

For buyers and sellers making decisions in today’s COVID-19 market, these are somewhat irrelevant, I think as they don’t fully reflect the post-lockdown market. If you’re looking for that type of insight, ask me.

With that disclaimer, here are the CAAR-provided market reports

Four Things Could Happen to this Spring Market

  • The Spring 2020 Charlottesville real estate market could be paused now, and resume in fall 2020. We’ll pick up much of the lost transaction volume in the fall.
  • The Spring 2020 market could be pushed to Spring 2021. Not the worst scenario.
  • We could see a wave of foreclosures and short sales created by unprecedented unemployment.
  • Something completely different; we didn’t see COVID-19 coming, and we might not see the next thing either.

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.

Dig Deeper

ICE-ing Out Home Building in Central Virginia

ICE-ing Out Home Building in Central Virginia

We're used to delays in new construction. Weather, COVID-supply chain stuff, delayed permits, and in 2026, two new things are being thrown at us in Albemarle County specifically, and Central Virginia more broadly. I represent a fair number of people buying new construction, and I…

Thoughts on 2026 Albemarle County Assessments

Thoughts on 2026 Albemarle County Assessments

Albemarle County assessments increased again in 2026. Want to challenge your assessment? Here's the form. Curious about FAQs about Albemarle County assessments, here's the FAQ. Think your assessment is too high or too low? Ask me; I'm happy to give a quick thought or two.…

Interested in Learning More?

My goal is simple: help my clients – buyers or sellers – make good decisions.