I’ve written about vacant houses before.
In the Charlottesville/Central Virginia area*, there are 1709 residential properties on the market.
620 of these are vacant – a staggering 36%.
Breaking the numbers down a hair more:
1278 properties are not marked as “new construction.”
38% of these are vacant.
The 38% number surprised me a bit; I don’t know why, exactly. I guess I wasn’t expecting so much parity between the two segments of the market.
This vacancy rate is slightly higher than it was last year.
*Albemarle, Charlottesville, Fluvanna, Greene, Nelson
*Source: CAAR
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Nope, can’t do it. I tried to figure out the average and median prices, but could not do it with the statistical engines I have available.
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