January 2024 Charlottesville transactions: Two CX-5 properties in Jefferson Park Avenue neighborhood sell for $970,000

The first look at the Charlottesville real estate market in 2024

Now that there are new rules for how things get built in Charlottesville, there’s perhaps a greater need to get these property transaction summaries out quicker to better understand how the Development Code might affect the market.

There’s also a need for me to now begin looking up each property in the city’s new development portal to see if any of the new owners have filed any plans. There are so many details available there, and the new system is a vast improvement over what I have been using the last few years.

One way I entice people to pay for a paid subscription is to send these summaries to paid subscribers first. Hundreds of you are paying for the work, and those hundreds are covering the cost to produce the regular newsletter for anyone who wants to read or listen. These summaries are the only posts that go behind a paywall for a few days. Then it will be posted to Information Charlottesville, just like the Albemarle transactions from early January were posted today.

This is what I do for a living. I see a viable business model for this work, and all of you, paid and unpaid, are helping to keep it going. There’s a lot of interest and I’m grateful for your readership.  

I don’t offer any analysis or trends or anything that can be construed as advice. This is simply an anecdotal look intended to offer a glimpse into several transactions. If you see any errors or have any other insight, please let me know. 

Each entry will contain the 2024 assessment and a second assessment from one or more of the past several years to indicate the growth in valuation. A lot has changed in five years. What’s going to change in the next five? 

I’ll be here to write as much of it up as I can.