Greater Charlottesville Short Sale Market Report | August 2012

Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale August 2012

Greater Charlottesville Short Sale Market Report - August 2012

There are currently 62 Greater Charlottesville Short Sale properties for sale. Short sale listings make up 3.6% of all Greater Charlottesville Homes For Sale. They range in price from $50,500 for a 393 square foot, 1 bedroom, 1 bath condo to $789,000 for a 4,121 square foot, 4 bedroom, 4 bath beautifully maintained brick front colonial on 9.82 acres with year round Blue Ridge Mountain views. The average list price of these homes is $215,360. The average days on market is 212 days.

  • Charlottesville – 4 short sale properties for sale
  • Albemarle County – 19 short sale properties for sale
  • Greene County – 9 short sale properties for sale
  • Fluvanna County – 22 short sale properties for sale
  • Louisa  County – 8 short sale properties for sale

A total of 46 Greater Charlottesville Short Sale homes are under contract. Short sale listings account for 8.9% of all homes under contract in the Charlottesville area. The list price of these homes range from $80,000 for a 1,044 square foot, 2 bedroom, 1 1/2 bath ranch home at Lake Monticello in Fluvanna County to $650,000 for a 4,181 square foot, 4 bedroom, 4 1/2 bath rancher with beautiful views on 21 acres in lovely Ivy. The average list price of these homes is $199,686. The average days on market is 96 days.

  • Charlottesville – 3 short sale properties under contract
  • Albemarle County – 16 short sale properties under contract
  • Greene County – 6 short sale properties under contract
  • Fluvanna County – 14 short sale properties under contract
  • Louisa  County – 7 short sale properties under contract

In August 2012, 6 Greater Charlottesville Short Sales sold making up 2.1% of all Greater Charlottesville Home Sales. The sales price of these homes range from $119,500 for a 1,300 square  foot, 3 bedroom, 2 bath ranch home at Lake Monticello in Fluvanna County to $255,500 for a 1,668 square foot, 3 bedroom, 2 1/2 bath colonial on a basement with a 1-car garage. The average sales price was $191,500. The average list to sales price was 100%. The average days on market was 116 days.

  • Charlottesville – 1 short sale property sold
  • Albemarle County – 2 short sale properties sold
  • Greene County – 1 short sale property sold
  • Fluvanna County – 2 short sale properties sold
  • Louisa  County – 0 short sale properties sold

Greater Charlottesville Short Sale Absorption Trend - August 2012

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

View Recent Greater Charlottesville Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – July 2012
Greater Charlottesville Short Sale Market Report – June 2012

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 © 2012 by Allegra Williams
Greater Charlottesville Short Sale Market Report | August 2012

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