In the past month, Charlottesville luxury townhouses have outsold luxury single-family homes and luxury condos as baby-boomers look to luxury townhouse-living versus purchasing a luxury single-family home.
Charlottesville, United States - March 5, 2021 /PressCable/ —
Charlottesville luxury townhouses outsell single-family homes and condos in the past 30 days as Charlottesville builders scramble for more land to develop.
“Some love this mad building craze but many old-timers cringe and resist it as much as possible,” says Toby Beavers a savvy Charlottesville luxury realtor. “I am all for the opportunity to take unsightly vacant lots and turning them into architectural gems. Charlottesville is renowned for its historic homes many of which were designed and built by Thomas Jefferson. But as baby boomers get older who wants to maintain a seven-bedroom, 18th century home?” adds Beavers.
According to CAAR, the local Charlottesville realtor association, 83 single-family homes sold since March 5th, 2021 with a low of $225,000 and a high of $1,850,000. The average sold price was $600,000 and 10 of those were Charlottesville luxury homes which is 8.3%.
36 townhouses sold during the same period with a low of $196,500 and a high of $872,250. The average sold price was $355,560 and 15 of those were Charlottesville luxury townhomes which is 42%. Also, 16 condos sold with a low of $128,000 and a high of $825,000. The average sold price was $245,000 and only 2 of those were Charlottesville luxury condos which is 12.5%.
“There’s a mad rush to find to cut deals, buy land and develop it into Charlottesville luxury townhomes. It’s way more profitable and faster to build than a single-family luxury home. I knew this would happen ten years ago. I’m ready to move into a luxury townhouse. All I do is pick up debris from trees and constantly worry about the animals or a huge tree falling down. I just don’t have it in me to cut up a tree for two weeks, laughs Beavers. Toby Beavers lives on a small 18th-century farm in Charlottesville.
Toby Beavers has been a Charlottesville realtor since 2003 and specializes in Charlottesville luxury homes, Charlottesville luxury condos, and Charlottesville luxury townhomes. Toby spent the first 10 years selling Charlottesville historic homes and farms. He has sold over 100 Charlottesville homes and is one of very few Charlottesville realtors with all Five Star Reviews on Google. For more information on Charlottesville luxury townhouses, Charlottesville luxury homes, and Charlottesville luxury condos call Toby Beavers Realtor at 434-327-2999. Contact requests can also be made by visiting his website at https://www.tobybeaversrealtor.com.
Name: Toby Beavers
Email: Send Email
Organization: Toby Beavers Realtor
Address: 937 Tilman Rd, Charlottesville, VA 22901, United States
Release ID: 88999950
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