South Street Inn sells for $3.46 million and 38 other Charlottesville property transactions in November 2024
Another anecdotal review of transactions as the year winds to a close
The end of the year is close now and this is now the 11th summary of property transactions within the City of Charlottesville for 2024. These are products of a core function of how Town Crier Productions gets work done each week. In order to understand what changes might take place because of the new zoning rules, it is crucial to go through each transaction.
And today it is Boxing Day and after a couple days of being off, work commences once more to prepare for the coming year and whatever changes might be coming. In March, the fifth anniversary of this chapter of my journalism career begins as that’s when I returned to journalism to produce a podcast about the COVID-19 pandemic.
In January 2021, I began releasing these transactions for paid subscribers as a benefit and an enticement for people to support the work. They’re also leads for future stories for both this newsletter and my column for C-Ville Weekly. My goal is to inform and these monthly transaction reports are one way I do so.
These remain anecdotal with few frills. A major point is to compare this year’s assessment with the one from 2020 to illustrate the increase in property values and the corresponding increase in revenue available to the city government. This time next month the 2025 assessments will be published and that will be a major factor in the development of Charlottesville’s budget for fiscal year 2026.
Previous year’s assessments are not adjusted for inflation.
I do not list the names of individuals who purchase homes, but I do give names of corporations as well as addresses.
This list does not usually include property transactions that are related to name changes but sometimes these will be mentioned. None this month, though.
I don’t seek to identify any trends or to interpret this data in any way. I’m mostly interested in the anecdotal.
This is the style of journalism I aspire to, and I am grateful to those who foot the bill. This goes out first to paid subscribers and will be posted to Information Charlottesville in about a week.