Understanding Charlottesville home prices

Property prices are continually changing. Over a long enough period of time, property values generally appreciate. But there are no "sure things" in real estate, of course.

When your house appreciates you have more equity to borrow against, and you'll generate a better profit when you sell. There are various reasons why property values in Charlottesville rise and fall. So, how can you be sure what you're investing in today will appreciate over time? Choosing a real estate agent in Charlottesville who can identify the factors that drive local prices is the most important part.

Free Home Value Assessment

What is the most crucial factor impacting real estate appreciation? Many believe that it's the economy. Obviously, there are some issues on a national level that impact your property's value: unemployment, mortgage rates, quarterly earnings reports, and more. However, your home's value and the elements that play the biggest role in its appreciation are particular to the local Charlottesville economy and housing market.

Let Roy Wheeler Realty Co help you with your first home purchase in Charlottesville

Let Roy Wheeler Realty Co help you with your first home purchase in Charlottesville

Location in a community - People typically want homes in the regions with the most useful features, like our jobs and schools. So those communities usually appreciate, or retain their value, best.

Recent sales - Your REALTOR^® should provide you with reports on the recent home sales in the areas that you're asking about. You'll want to know average time on market, selling versus listing price and more.

History of appreciation - In the last 5-10 years, have home prices increased or decreased? Does location or affordability affect how desirable the neighborhood is thought of as?

The local economy - Are local companies hiring? Have businesses moved into or away from an area? Is there a good combination of job types in an area, or does it rely upon just one industry? Is the mix of commercial and residential development changing? Each of these factors plays a part.


	It's smart to be informed about the factors that play into your house's price. Visit this link for an estimation of your house's value. Call me at 4349604333 or e-mail me if you have any questions at all. I'd love to hear from you.

Roy Wheeler Realty Co 1100 Dryden Ln Charlottesville, VA 22903-4665

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