For those of you not aware, I recently joined Nest Realty. One of our core principles is that we intend to analyze – and write about – the Crozet and Charlottesville real estate markets more intensively than has previously been seen. For example:
However, 2009 may be a different story. With the town home and attached home market in Crozet slowing significantly, Waylands Grant hasn’t been immune to the slowdown. In fact, since January of 2008, there have been 10 different attached homes in the neighborhood that have been listed and either were withdrawn or expired. In that same time, only 2 have sold (one of which was a foreclosure) and 1 is currently under contract.
Until the market stabilizes and the amenities promised in Crozet (like the Crozet Library, the Downtown Crozet Streetscape Project, and the Jarmans Gap Road Expansion) actually start to get closer to coming to fruition, I expect that the attached home and town home market in Crozet will continue to suffer.
Read the whole thing at the Nest.
