Curious Questions about the Charlottesville Real Estate Market

Curiosity about the Charlottesville area real estate market, via Twitter.

Cville folks – what are you curious about re: the Charlottesville real estate market right now?

I’ll answer the easy ones first.

How many New Yorkers are moving here?

No idea.

But, a related post from 2016 is useful anyway. Who (What Age) is Moving to the Charlottesville – Albemarle Area?

Is the Charlottesville – Albemarle market immune?

Nope. We were protected to a certain degree in the 2008-era crash, and I think we may be somewhat protected now, but this one feels different. I’ve not in my career had so many clients telling me about salary reductions, furloughs, and job losses. Never have I seen UVA seem to shake as the foundation of our economy. Heck, one of the biggest components of our economy is the wedding industry, and that’s been hammered.

Will we be ok? Sure, in time. And I firmly believe that people who want to, and can afford to buy or sell in the Charlottesville area will continue to do so. We’re still a great place to live, and people need homes.

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