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Crozet, VA

Crozet News Update for the Week of 10/25

Jonathan Kauffmann: Real Estate Brokerage in Charlottesville, VA

A few tidbits from Crozet...

1. Google made it's way through Crozet a few months ago and Crozet is now on Google Streetview. Check out Nest Realtor Jim Duncan's blog for more on the topic. (Thanks to Jim Duncan for pointing this out to me)

2. There was a write up in yesterday's Daily Progress on Crozet Station and it's progress in Downtown Crozet. With the Crozet Streetscape project making great strides, the Crozet Station re-development is a perfect next step to help with the look and feel of Crozet. I agree that Crozet has its charm...but the shops, restaurants, and businesses in Downtown Crozet could use a major facelift. I think it would be a great thing for the success of those businesses and for the entire community. Read more in the Daily Progress.

Want to learn more about Crozet?

Check out Nest Realty's Crozet Video.

Search for Crozet Homes.

Learn more about Crozet neighborhoods on the Nest Realty web site.

Are you looking at Crozet Real Estate consider Grayrock

Charlottesville Real Estate - Your Trusted Broker Charles McDonald: Real Estate Agent in Charlottesville, VA

Looking at Crozet Real Estate consider Grayrock

Crozet is located west of Charlottesville and offers several neighborhoods with Blue Ridge views. One just place is Grayrock. This area is as close to the mountains as you can get. Many homes actually back up to the Blue Ridge. Not to mention that the colors are amazing this week.

Let us know if you have any questions?


732 RUSSET RD, CROZET

About The Author

Charles McDonald, Associate Broker at RE/MAX Assured Properties and dedicated Buyers Agent is the author of this blog, and several other sites on the Internet. Charles and his group of experts in the Charlottesville area are always available to help you with your Real Estate needs. Call our group anytime at 434-515-1585 or to search for homes visit: Charlottesville Real Estate

Copyright © 2009 Charles McDonald, All Rights Reserved.

Old Trail Crozet, Virginia

Jonathan Kauffmann: Real Estate Brokerage in Charlottesville, VA

Old Trail Village is a community featuring a Village Center, a community pool, golf, walking trails, and acres of parkland. Old Trail real estate options range from town homes to estate homes. The Old Trail Village Center includes a coffee shop, restaurants, a day spa, and ACAC Fitness and Wellness - conveniently located within walking distance of all Old Trail homes. Whether you are looking to buy an existing home, purchase a home site, or build your dream home, Old Trail is a must see if you are exploring Crozet real estate options.

Elementary School: Brownsville

Middle School: Henley

High School: Western Albemarle High School

Crozet neighborhoods

Old Trail homes for sale.

Old Trail land for sale.

Search the Nest Realty web site.

Charlottesville Real Estate presents Foxchase in Crozet

Charlottesville Real Estate - Your Trusted Broker Charles McDonald: Real Estate Agent in Charlottesville, VA

Foxchase is located in Crozet about 15 minutes to downtown Charlottesville. These grand homes offer Blue Ridge mountain views and are minutes to Western Albemarle high school. If you are looking in this school district, Foxchase is a place to consider.

775 LENOX HILL RD, CHARLOTTESVILLE

Disclaimer: Copyright ©2004-2009 Charlottesville Area Association of Realtors®. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for Charlottesville Real Estate sale on this website comes in part from the IDX Program of Charlottesville Area Association of Realtors®. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Any use of search facilities of data on this site other than by a consumer interested in the purchase of real estate, is prohibited. Information last updated today. All rights reserved. Created by Charlottesville Virginia Real Estate for clients use only.

Charles McDonald, REALTOR® / Associate Broker with RE/MAX Assured Properties, and is "Licensed to sell Real Estate in Virginia”

Copyright © 2005-2009 Charles A. McDonald - All rights reserved. Website Designed and created by Charles McDonald

Crozet Real Estate: Cory Farm

Jonathan Kauffmann: Real Estate Brokerage in Charlottesville, VA

Cory Farm Photo

Established in 1997, Cory Farm is a 67 home neighborhood located in Crozet. Cory Farm homes are 8 miles from the Blue Ridge Parkway and Skyline Drive, yet within walking distance to a variety of shops and restaurants including the Shoppes at Clover Lawn and the Crozet Harris Teeter.

As a relatively small subdivision, Cory Farm doesn't have a large number of sales from year to year. After the final new homes were completed and sold in 2004, there have been a total of 28 sales between 2005 and 2008...meaning that about 42% of the homes have ‘turned over' in that 4 year span. Considering the average homeowner moves every 7 years, Cory Farms is in line with normal turnover rates.

As with most Charlottesville and Crozet neighborhoods, sales numbers and prices in Cory Farm peaked in the 2006-2007 timeframe and have backed off from peak pricing levels. In 2004, the average price per square foot in Cory Farm was $120/sf. As the Charlottesville real estate market took off, so did prices in Cory Farm. At its peak in 2007, price per square foot was $164/sf - a 36% increase in just a few short years.

CoryFarmAug2009PSF

However, this price per square foot number may be a little misleading, considering the average size of homes sold in 2004 was 2605 sf and the average size of homes sold in 2007 was 2257 (a 13% difference). Comparing apples to apples, the average per square foot of a home is almost always more for smaller homes since each additional square foot is typically less expensive to build/reproduce than the previous one. For example, a similar 5000 sf home most likely does not cost twice as much as a 2500 sf home to produce.

Since 2007, prices have backed off to (approximately) 2005 pricing levels...and, not coincidentally, Albemarle County average home prices are also at about the same levels as 2005.

CoryFarmAug2009PSFvsAlbCo

Through the first 8 months of 2009, there have only been 3 sales in Cory Farm. While the neighborhood's proximity to the new Harris Teeter may be appealing to some, it actually may be a bit too close. Many homes that once looked over farmland now look directly at Harris Teeter. In addition, the increased traffic on 250 (due in large part to Harris Teeter and Clover Lawn) may also be a detractor for Cory Farm. Many people move to Crozet to get away from the traffic and congestion of 29N and the City of Charlottesville. And with other Crozet neighborhoods still surrounded by more privacy, Cory Farm's location may actually be hurting potential sales.

On the positive side, there has been a nice influx of new businesses and services coming into the Crozet area...making Crozet more and more 'self-sufficient'. These new businesses are increasing the popularity of Crozet because residents no longer need to drive to Charlottesville (or Waynesboro) for their daily needs. Moving forward, I expect Cory Farm to continue to be a popular neighborhood mainly because a) it is easy to get to Charlottesville using I-64 and Route 250 b) it is built out and there is minimal construction going on (with the exception of neighboring Liberty Hall) and c) the community has desirable floor plans from several popular Charlottesville builders.