Six properties on 14th Street NW sell for $4.4 million and 47 other Charlottesville property transactions from October 2024
Another anecdotal look at property transactions in Charlottesville
Happy Day After Thanksgiving! I came very close to getting this out yesterday but stopped short because I had a gathering to attend. I figured no one would mind. Likewise, I opted to not write a new newsletter today because I still have to process this week’s stories into tomorrow’s radio show and podcast.
At the heart of most of the reporting in this newsletter is an interest in what will happen with the real estate market in Charlottesville as a series of dynamics play out. I’ve been writing about land use here for over 17 years now, and there’s still much more I want to know. Every now and then I produce one of these monthly summaries for paid subscribers to share some of what I’ve learned.
In any given month, there are questions in my mind as I go through recent transactions. The chief one is what the 2025 property assessment in Charlottesville will be and what impact that will have on the budget. A close second is what effect the city’s new Development Code may have on what happens with some of these properties.
But this is a holiday edition and I want to get right to it. This goes out for paid subscribers and then will be posted to Information Charlottesville next Friday. You can take a look at nearly three years’ worth of these anecdotal summaries there.
As always, some disclaimers. First, I don’t list the actual address for a transaction unless a corporation has purchased it. This may change in the future as I hope to take a new approach to this work in 2025. Second, I’m making comparisons to assessments from previous years but I’m not adjusting for inflation. Maybe I’ll learn in 2025!
Third, I’m not able to develop any trends but this may change in the future. My main reason to go through these is to fuel the work I do reporting on land use. In addition to this newsletter, I write a weekly column for C-Ville Weekly.
I rely on paid subscriptions to keep growing and to build capacity. If you’re not one yet, perhaps this is a good day!