Greater Charlottesville Short Sale Market Report | April 2013

Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale April 2013

Greater Charlottesville Short Sale Market Report - April 2013

There are currently 58 Greater Charlottesville Short Sale properties for sale. Short sale listings make up 3.2% of all Greater Charlottesville Homes For Sale. They range in price from $69,000 for a 1,056 square foot, 3 bedroom, 2 bath one level ranch in Louisa County to $1.075,000 for a 7,279 square foot, 5 bedroom, 3 full & 2 half bath, brick colonial on 2.08 acres with a pool and guest house. The average list price of these homes is $232,342. The average days on market is 146 days.

  • Charlottesville – 6 short sale properties for sale
  • Albemarle County – 12 short sale properties for sale
  • Greene County – 10 short sale properties for sale
  • Fluvanna County – 24 short sale properties for sale
  • Louisa  County – 6 short sale properties for sale

A total of 59 Greater Charlottesville Short Sale homes are under contract. Short sale listings account for 6.7% of all homes under contract in the Charlottesville area. The list price of these homes range from $75,000 for a 1,110 square foot, 3 bedroom, 1 bath cottage on 3.95 acres to $785,000 for a 6,383 square foot, 5 bedroom, 5 1/2 bath cape cod with a elevator and 4 car garage in beautiful Glenmore. The average list price of these homes is $235,267. The average days on market is 150 days.

  • Charlottesville – 4 short sale properties under contract
  • Albemarle County – 23 short sale properties under contract
  • Greene County – 7 short sale properties under contract
  • Fluvanna County – 16 short sale properties under contract
  • Louisa  County – 9 short sale properties under contract

In April 2013, 11 Greater Charlottesville Short Sales sold making up 3.2% of all Greater Charlottesville Home Sales. The sales price of these homes range from $70,000 for a 984 square foot, 3 bedroom, 1 bath rancher in need of a full rehab to $331,000 for a 3,952 square foot, 4 bedroom, 3 full & 2 half bath, cape cod in Spring Creek. The average sales price was $170,837. The average list to sales price was 97%. The average days on market was 205 days.

  • Charlottesville – 1 short sale property sold
  • Albemarle County – 3 short sale properties sold
  • Greene County – 1 short sale property sold
  • Fluvanna County – 3 short sale properties sold
  • Louisa  County – 3 short sale properties sold

Greater Charlottesville Short Sale Absorption Trend - April 2013

 Based on the market absorption trend for Greater Charlottesville Short Sales, it’s a balanced market.

View Recent Greater Charlottesville Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – March 2013
Greater Charlottesville Short Sale Market Report – February 2013

If you are thinking about buying a short sale or selling your Charlottesville home and you anticipate a short salecontact us for a FREE, no obligation, confidential consultation to evaluate your options. Don’t wait, get the help you need before it’s too late!

Sales information is courtesy of the Charlottesville Area Association of Realtors MLS.
Information is deemed reliable but not guaranteed.

Copyright © 2013 by Allegra Williams
Greater Charlottesville Short Sale Market Report | April 2013

Published by Allegra Williams

Allegra Williams is a full-time residential Charlottesville VA REALTOR®. As a Certified Distressed Property Expert, Allegra helps homeowners facing financial distress sell their homes through the successful negotiation of a short sale. Allegra serves Charlottesville and the surrounding counties of Albemarle, Greene, Fluvanna and Louisa.

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