Greater Charlottesville Short Sale Market Report | December 2011

Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale December 2011

Greater Charlottesville Short Sale Market Report - December 2011

There are currently 69 Greater Charlottesville Short Sale properties for saleShort sale listings make up 3.7% of all Greater Charlottesville Homes For Sale.  They range in price from $78,000 for a 874 square foot, 2 bedroom, 1 bath cottage on 8.13 acres to $2,100,000 for a 4,569 square foot, 5 bedroom, 3 1/2  bath dutch colonial on 1.68 acres. The average list price of these homes is  $250,254. The average days on market is 168 days.

  • Charlottesville – 3 short sale properties for sale
  • Albemarle County – 31 short sale properties for sale
  • Greene County – 5 short sale properties for sale
  • Fluvanna County – 18 short sale properties for sale
  • Louisa  County – 12 short sale properties for sale

A total of 36 Greater Charlottesville Short Sale homes are under contract. Short sale listings account for 9.6% of all homes under contract in the Charlottesville areaThe list price of these homes range from $67,000 for a 1,200 square foot, 3  bedroom, 3 bath condo to $550,000 for a 4,883 square foot, 6  bedroom, 5 1/2 bath craftsman located in the City of Charlottesville. The average list price of these homes is $198,675. The average days on market is 86 days.

  • Charlottesville – 7 short sale properties under contract
  • Albemarle County – 10 short sale properties under contract
  • Greene County – 9 short sale properties under contract
  • Fluvanna County – 6 short sale properties under contract
  • Louisa  County – 4 short sale properties under contract

In December 2011, only 7 Greater Charlottesville Short Sales sold making up 4.2% of all Greater Charlottesville Home Sales. The sales price of these homes range from $66,000 for a 900 square  foot, 2 bedroom, 2 bath condo to $451,000 for a 2,176 square foot, 3 bedroom, 2 1/2 bath renovated farmhouse on 45.95 acres. The average sales price was $197,714. The average list to sales price was 94.9%. The average days on market was 184 days.

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

Greater Charlottesville Short Sale Absorption Trend - December 2011

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 – November 2011
Greater Charlottesville Short Sale Market Report – October 2011

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 | Charlottesville Short Sale Agents (434.882.1055)
Greater Charlottesville Short Sale Market Report | December 2011

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.

Join the Conversation

5 Comments

  1. Allegra, this is a very complete presentation on the greater Charlottesville real estate market for all consumers. Top notch info and graphs that easily explain the short sale market…as Charlottesville short sale agents the consumer will know you understand the market and can work with them in helping them through the process.

    Ginny Lacey Gorman
    North Kingstown Realtor

  2. I’m enjoying reading up on your marketing Reports. Informative clean and straight to the point. We really need to know how the market stands now.Great Job on that.More to come.

    Suburban Properties of Charlotte, LLC.
    Charlotte Short Sale Agents

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