Interesting to think that we might be seeing even less inventory this year in Brownsville + Crozet school districts.
Our market is driven largely by the school calendar, whether that’s Albemarle County schools, private schools, or UVA.
It’s been an interesting 2023.
As I wrote on RealCentralVA:
It’s been a challenging year(s) for buyers in the Charlottesville area. While it’s been this way for years, the past three years have been exceptionally hard.
- Continued low inventory
- High prices
- Higher interest rates than a generation of buyers have seen
- 42% of American homeowners don’t have mortgages
- The baby chasers are having an impact on the market
Questions? Ask me. 434-242-7140 or [email protected]
|# in 2023||5||11||25||27||27|
|# in 2022 (217)||13||10||27||31||33||28|
What is the Crozet real estate market doing right now?
The best answer is the one I’ve said for most of my career – I’ll tell you in 18 months what happens tomorrow, combined with “I don’t know, but I’m trying to figure this out.” No one knows with certainty, but I think I have a reasonably educated and experienced prognostication.
How many homes will come on the market that will fit you?
In 2017, I wrote a story laying out an answer to this question for Charlottesville, and for Albemarle. The logic and rationale remains the same, but the numbers have changed.
So have prices.
In Crozet, getting to “good enough” might take longer, or shorter, than you might like.
There comes a time in every home search process (and often the home selling process) where one says “this is good enough.”
Arriving at the point of whatever you want to call it – concession, compromise, acquiescence, acceptance, or, to use a positively-connoted descriptor – satisfied – is hard.
- Looking at Crozet’s 2022 Real Estate Market (January 2022)
- Looking Towards Crozet’s 2023 Real Estate Market (January 2023)
- And if you’re curious for some recent history, here’s this post from the end of 2018