Can you afford to live in the Charlottesville area?

Charlottesville and Albemarle County housing prices continue to rise beyond the affordability of many first time home buyers.

Condos and townhomes have become very popular in Charlottesville/Albemarle County lately, again because of affordability.

Lake Monticello Beach

Lake Monticello, for buyers and realtors, continues to assist us in finding a nice home within 20 minutes of C'ville with home prices starting at $169,500 to over $600,000. Yes, indeed you can still buy a single family home at Lake Monticello for only $l69,500. Using the interstate it's a 10 minute ride, and 10 minutes on a two-lane road, and there is an easier way to get to C'ville from Lake Monticello other than Route 53. You can live inside or outside the gate and get the same amenities. Anyone interested, just email me at kehoe@move2va.com or call me (434) 980-2860 or 1-800-818-7629 for the latest and greatest in affordable housing, or contact the realtor of your choice. The responses I usually hear are, "Wow, it didn't take that long to get here. I only pay less than $600 for all these amenities and can swim in the 350 acre lake!" You are amongst 4,000 homeowners who live at the lake and have shown price increases so a good investment as well.

Here are links to two articles from "The Daily Progress" newspaper web site about increasing housing costs in Charlottesville and Albemarle County:

"High housing prices hit city in rankings":

http://www.dailyprogress.com/servlet/Satellite?pagename=CDP%2FMGArticle%2FCDP_BasicArticle&c=MGArticle&cid=1173351558608&path=!news


"Housing boom benefits many but wages still lag":

http://www.dailyprogress.com/servlet/Satellite?pagename=CDP%2FMGArticle%2FCDP_BasicArticle&c=MGArticle&cid=1173351558278&path=!news

Albemarle County and Charlottesville in development are forcing new development to pay attention to affordable housing.

Albemarle County continues to grow and the county is trying to keep up with it. The county is currently doing a study on their web site on Community Development in the Eastern Connector Corridor.

Here's a link to the Albemarle County page if you'd like to participate:

http://www.albemarle.org/department.asp?department=planning&relpage=9606

Stay tuned for more info in future.

What do you think? Please post a comment.