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Closings Down in July in Albemarle and Charlottesville

If the fact that home sales are down, relative to previous months and years, comes as a surprise to you, you probably haven’t been paying attention. … And part of that “is” is that last month in Charlottesville and Albemarle, 85 single family homes closed and 22 attached homes closed. … Attached Home Home Closings in July for the past ten years : Charlottesville and Albemarle Attached Home Closings - July Single Family Home Closings in July for the past ten years : Charlottesville and Albemarle Single Family Home Closings - July Now, looking back of June and July for the past ten years … The Spike in 2009 seems to be new construction attached properties in Abington Place , Brookwood and the Pavilions at Pantops (more on new construction’s impact on MLS data in a later post). Charlottesville and Albemarle - Attached Home Closings - June and July.jpg Single Family home closings in Charlottesville and Albemarle for the past ten years: Charlottesville and Albemarle - Single Family Home Closings - June and July

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Places 29 – What’s the Future of Route 29 (North)?

Candidly, i suspect that this plan will continue to be yet another exercise is the County and county business leaders publicly demonstrating that their best interests are served by continuing the planning process while those citizens to actually drive 29 continue to lament the interminable planning and delays of the aforementioned “leaders.”

… • Monday, June 7, Open House at the Hollymead Fire Station from 4:30 pm – 6:30 pm • Wednesday, June 9, Open House at the County Office Building, McIntire Road prior to the Board’s public hearing – 4:00 pm – 5:30 pm

…The Master Plan includes an implementation program that groups recommendations into those that will begin during the first ten years and those that will begin during the second ten years of the 20-year implementation timeframe. … CvillePedia : The Places29 Master Plan is designed to guide and direct future development in terms of land uses, transportation projects, and other infrastructure projects in the 14.5 square miles [1] four designated growth areas that surround the US 29 corridor through northern Albemarle County.

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Charlottesville and Albemarle Real Estate Market Reports – 18 May 2010

In case you were wondering, the Charlottesville area is still considered – technically as well as psychologically – a Buyer’s Market Charlottesville and Albemarle real estate market update – attached homes – 18 May 2010 (pdf) Charlottesville and Albemarle single family homes – real estate market update – 18 May 2010. (pdf) If you want to receive these updates regularly, spam-free , sign up here.

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Housing Sales Down in Charlottesville and Albemarle – February 2010

I know this – independent of me, a new client came to me last week and said, (paraphrasing here) – “I think that right now in Charlottesville/Albemarle, there is a unique and perhaps once-in-a-lifetime opportunity to buy a home for my family.”

…We know this: Charlottesville and Albemarle home sales in February: 64 homes sold in 2010 79 homes sold in 2009 72 homes sold in 2008 105 homes sold in 2007 141 homes sold in 2006 124 homes sold in 2005 108 homes sold in 2004 Homes under contract – first 23 days of March … …

…I know this – independent of me, a new client came to me last week and said, (paraphrasing here) – “I think that right now in Charlottesville/Albemarle, there is a unique and perhaps once-in-a-lifetime opportunity to buy a home for my family.” … From today’s Wall Street Journal : For those trying to figure out how much further U.S. house prices could fall, it would help to know how many more foreclosed homes banks need to sell.

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Charlottesville and Albemarle Governments Clash. Again.

For anyone interested in a prime example of the City of Charlottesville’s and County of Albemarle’s occasionally dysfunctional relationship, Rachana Dixit and Brandon Shulleeta have great story in today’s Daily Progress . … The clash over money between Charlottesville and Albemarle County is turning into a political civil war, with warnings that each step from here will undermine collaborations that would cut expenses and instead possibly cost taxpayers big bucks down the road.

…Many county officials say it’s unfair that a state formula that determines education funding for localities — based largely on localities’ wealth — fails to account for the revenue-sharing agreement. Bell’s amendment proposal would count the money Albemarle pays Charlottesville toward the city’s wealth instead of the county’s wealth — which would increase state education funding for Albemarle in fiscal 2012 by $2.6 million and decrease Charlottesville’s state education funding by that same amount. …

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Albemarle County Assessment Figures Released

Virginia, unlike some other states, by Statute requires localities to assess property at 100% of fair market value, based on an objective analysis of the property’s fair market value, independent of any influence on the part of the County or the County Board of Supervisors. … The average annual reassessment changes for the magisterial districts are as follows: Rio -2.25% Jack Jouett -4.30% Rivanna -2.12% Samuel Miller -3.65 % Scottsville -4.13 % White Hall -3.19 % Town of Scottsville -1.89 % The new assessments will be reflected in the real estate bills which will be mailed in late April, 2010. County officials recommend that anyone who would like more information or who wishes to appeal their assessment to contact the Office of the Assessor in the Finance Department at (434) 296-5856. … If a property owner does not receive satisfaction with this step, further appeal may be directed to the Board of Equalization, which is comprised of Albemarle County citizens who have completed training by the Virginia Department of Taxation and who meet on a regular basis.

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Albemarle County’s School Budget Request

No salary increases of any kind for any employees; the projected 8 percent increase in health care costs and increased Virginia Retirement System expenses are covered by the request so employees will not receive a direct reduction in compensation for 2010-11; Increases in class size by one student in grades 4 through 12, a net loss of ~17 full-time equivalent teaching positions, many of which will be absorbed by attrition; Ten percent cuts in eligible operational budgets across the board for all schools and departments; Places hold on technology replacement and improvements; Reduces Learning Resources (textbooks, online resources, consumable materials) by $500,000; Reduces the transportation department by nearly $400,000, as efficiencies in routing, compensation, and program delivery are implemented. … Introduces for the first time a student activities fee for athletic programs and reduces the programs we offer: A student activity fee of $75 per student, per sport, with a cap of $425 per family will be enacted. … Cuts instructional support funds for intervention and enrichment, CATEC, elementary and middle school summer school; Makes, for the third consecutive year, additional position cuts in at the central office, and in support services, including leadership reductions. … The School Board will hold a series of budget work sessions in January, a Public Hearing on February 2, and another Telephone Town Hall on February 3 to hear feedback and concerns from the community.

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