Charlottesville and Albemarle are two different entities. They are part of the same Metropolitan Statistical Authority (MSA). Albemarle pays 10% of their revenue to the City of Charlottesville every year. Those who are newer residents are fairly surprised when they discover this fact – rightfully so.Charlottesville and Albemarle are not the same thing. Stories that highlight the values of Charlottesville while said features are actually in Albemarle (or Greene or Fluvanna as is often the case) are inaccurate.
you searched for msa
Housing appreciation in Charlottesville
Good site with pretty graphs.
Interesting Data
The Office of Federal Housing Enterprise Oversight has quite a bit of information! Below are a couple of screenshots that show the Percent Change in House Prices through the fourth Quarter 2004 for both the US and the Charlottesville region. US Annual Percent Change in OFHEO MSA House Price Indexes through 2004 Q4 for the Charlottesville Region.
March home sales defy expectations
USATODAY.com – March home sales defy expectations: Existing home sales jumped more than expected last month, while the median price soared 11.4% from March 2004 — the biggest year-over-year leap since 1980, a trade group said Monday in a report that belied predictions of a slowing market. The National Association of Realtors said sales of existing homes, town houses, condominiums and co-ops, which account for about 85% of all home sales, rose 1% to a seasonally adjusted annual rate of 6.89 million in March. That’s the third-highest sales figure on record, well above economists’ predictions for an essentially flat sales month. I am sure all the doomsayers will take this as another sign that the end is near, but …
Residents at UVa.
Match Day is around the corner for medical students. They will soon be flooding the real estate market. This one of the strong components of the Charlottesvillearea market – residents compose a steady stream of the real estate market. Each and every year, new residents come to the University of Virginia Medical center and some leave.