Some perspective on the Crozet market … if you are looking to purchase a resale home, best start targeting your micro market now.
From January 2016 to 25 September 2017
533 homes sold in Crozet via the Charlottesville MLS
331 homes sold for less than $500K
43 of these were new construction (13%)
206 sold for more than $500K; 135 were new construction (66%!)
111 were attached homes; 421 were single family
Of the 331 that sold for less than $500K
114 had at least 4 bedrooms
111 with at least 2 bathrooms
108 with at least 1,700 finished square feet
91 within 2 miles of The Square
38 sold for less than $400K
12 homes sold in Crozet + Brownsville for less than $350K
Days on market for these 12? 0, 5, 11, 12, 19, 36, 41, 55, 76, 81, 116, 127
Schools matter; luckily, Crozet schools are pretty darn good, with great leaders in each.
Short story – it may look like a lot of houses sell every year, but when you start drilling down, determining your locational and life triangles, there may be fewer homes that come on the market in Crozet than you might think (or want/hope).
David and I have fun doing these at PRN, but we never have enough time to say all that we need or want to say. As such, we’ve shifted our Crozet conversations from coffee at Mudhouse to beers (or water or soda) at PRN – Thirsty Third Thursdays from 5 to 7.
Questions about the market? Ask Jim (me) or David anytime!
We’ve been doing our Crozet real estate conversations for the past few months; each time we do them we tend to have some interesting data-based-conversations. This month, a friend asked me about median home prices in Crozet.
Looking at real estate data is always fun, so I pulled a bit of information from the Charlottesville MLS and came up with this (* “Crozet” for this purpose = Brownsville + Crozet Elementary school districts):
Red line is the number of single family detached home sales in Albemarle County.
Green line is the number of single family detached home sales in Crozet.
Blue bars are the median sales prices for single family detached homes in Crozet.