CENTRAL VIRGINIA
REGIONAL HOUSING PARTNERSHIP

    Past, Present, and Future
 How was
    the
partnership
 created?
   Why?
                   Background - CVRHP
                        2 1 m e m b e r, 4 - s e c t o r a d v i s o r y b o a r d



Membership: 6 Member Jurisdiction Representatives: Charlottesville, Albemarle,
               Fluvanna, Greene, Louisa, Nelson
            4 Non-profit Housing Representatives (3 regional, 1 rural)
            3 For-profit Housing Representatives: Builder, Developer,
               Design Professional
            2 Citizen Representatives (Urban, Rural)
            6 Public Representatives: University of Virginia, Workforce
               Development, Regional Transit Partnership, Blue Ridge Health District,
               Financial Lender

Mission: The CVRHP exists to facilitate regional coordination to ensure access
            to housing for all.

Vision: A 100% alignment of supply and demand of housing opportunities
              throughout the region so that every resident can find access
              to safe, decent, affordable housing in communities of their choice.
                                                                                        2
                     C-Ville City “SFD” YOY w/o New Const.
                         Volume of Homes Sold
2022                                                                                 397
                                                                                            42 under 2021


2021                                                                                 439
                                                                                            78 over 2020


2020                                                                                 361
                                                                                             9 under 2019


2019                                                                                 370
                                                                                             18 under 2018


2018                                                                                 388
                                                                                             8 over 2017 = 380



 Charlottesville CityPropertyOnly.   SFD =‘s Single Family Detached Homes.   Data Source CAAR MLS.

                                                                                                      Slide #1
                      C-Ville City “SFD” YOY w/o New Const.
                             Median Sales Price
2022                                                                                  $475,000
                                                                                              $50,000 over 2021


2021                                                                                  $425,000
                                                                                             $30,000 over 2020


2020                                                                                  $395,000
                                                                                             $25,000 over 2019


2019                                                                                  $370,000
                                                                                            $21,000 over 2018


2018                                                                                  $349,000
                                                                                            $29,000 over 2017 = $320K



 Charlottesville CityProperty Only.   SFD =‘s Single Family Detached Homes.   Data Source CAAR MLS.

                                                                                                       Slide #2
                      C-Ville City “SFA” YOY w/o New Const.
                          Volume of Homes Sold
2022                                                                                  68
                                                                                              14 under 2021


2021                                                                                  82
                                                                                              42 over 2020


2020                                                                                  40
                                                                                               25 under 2019


2019                                                                                  65
                                                                                              5 under 2018


2018                                                                                  70
                                                                                               2 under 2017 = 68



 CharlottesvilleCityProperties Only.   SFA =‘s Single Family Attached Homes.   Data Source CAAR MLS.

                                                                                                        Slide #3
                                            C-Ville City “SFA” YOY w/o New Const.
                                                   Median Sales Price
               2022                                                                                                         $328,000
                                                                                                                              $35,000 over 2021


               2021                                                                                                         $293,000
                                                                                                                              $71,000 over 2020


               2020                                                                                                         $222,000
                                                                                                                              $47,000 under 2019


               2019                                                                                                         $269,000
                                                                                                                             $19,000 over 2018


               2018                                                                                                         $250,000
                                                                                                                             $57,000 over 2017 = $183K



CAARfootprint =‘s -Cville, Albemarle, Fluvanna, Greene, Nelson & Louisa Counties.   SFA =‘s Single Family Attached Homes.       Data Source CAAR MLS.

                                                                                                                                           Slide #4
   City of
Charlottesville
Housing Gaps
Upcoming Housing   Coming Back Home Annual Housing Summit –
                   March 2023
Events
                   TJPDC 50th Anniversary Celebration - Elected Officials Session
                   Spring/Summer 2023