Charlottesville’s Real Estate Blog since 2005.

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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?

Jim Duncan has been helping buyers and sellers in Charlottesville’s neighborhoods for 25 years. Get local insight born of experience.

Dig Deeper

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.…

Developers Have Long-Term Vision

Developers Have Long-Term Vision

Developers think and plan long-term.  Generally. An example. Many years ago, I represented sellers of a piece up land up 29 North. It was a relatively small piece of land, and we received an offer pretty quickly for asking price. About twenty years later, all…

Who Knew HOAs Could be Progressive? No Woodstoves?

Who Knew HOAs Could be Progressive? No Woodstoves?

No woodstoves in your neighborhood? Woodstoves. No woodstove (including free-standing and fireplace insert) shall be installed, maintained or used  on any Lot. Read the HOA packages, folks. My clients found this when they read the HOA docs. There's often some interesting things in homeowner association…

Interested in Learning More?

Jim Duncan has been helping buyers and sellers in Charlottesville’s neighborhoods for 25 years. Get local insight born of experience.