- Assessments are up, again. They've been going up for about a decade.
- Read this for more context on market value & assessments.
- Real estate assessments do not necessarily equate market value
- Increasing assessments are financially painful for a lot of people.
- Great discussion thread at Read More
Two big Albemarle County news items with respect to the use of the land, and local human settlement patterns, trails and traffic. Albemarle County’s blueprint for a walkable, urban destination at the Rio Road and U.S. 29 intersection has been approved. This is going to massively change the nature of Rio and 29, and if the vision comes to fruition, I suspect many residents will 1) stay closer to Rio/29 for the things they need and/or 2) Never need to go Read More
Get ready for scooters, Charlottesville. Because they are coming. For some reason, I can imagine a gaggle of scooters heading into Woolen Mills. What are they? To my eye, they are souped-up motorized versions of those razor scooters kids ride. But really. Scooters have become enormously popular, and we're going to see them on Charlottesville city streets soon. Might as well accept them, and seek to leverage them to try to reduce car traffic, and encourage more walking to scooters rather than driving. And maybe even more walking to Read More
Update 10 September Looking at the 2017 market (a very active market) for some context:
- In Charlottesville + Albemarle, 2,379 homes sold via the MLS.
- 485 of those were new construction
- 1,894 were resales
- 737 of the 1,894 - 39% - were marked as vacant. Now I'm more curious - was the vacancy rate so high because sellers were so confident that they could sell?