Greater Charlottesville Short Sale Market Report | February 2012

By
Allegra Williams
– April 8, 2012Posted in: Short Sale Market Reports

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

Greater Charlottesville Short Sale Market Report - February 2012

There are currently 63 Greater Charlottesville Short Sale properties for sale. Short sale listings make up 3.1% of all Greater Charlottesville Homes For Sale. They range in price from $59,900 for a 393 square foot, 1 bedroom, 1 bath condo in the City of Charlottesville to $995,000 for a 5,798 square foot, 5 bedroom, 5 1/2  bath colonial with beautiful mountain views on 2.75 acres. The average list price of these homes is  $235,066. The average days on market is 181 days.

  • Charlottesville – 4 short sale properties for sale
  • Albemarle County – 26 short sale properties for sale
  • Greene County – 8 short sale properties for sale
  • Fluvanna County – 17 short sale properties for sale
  • Louisa  County – 8 short sale properties for sale

A total of 51 Greater Charlottesville Short Sale homes are under contract. Short sale listings account for 7.7% of all homes under contract in the Charlottesville area. The list price of these homes range from $35,000 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 located in the City of Charlottesville. The average list price of these homes is $251,744. The average days on market is 153 days.

  • Charlottesville – 6 short sale properties under contract
  • Albemarle County – 18 short sale properties under contract
  • Greene County – 7 short sale properties under contract
  • Fluvanna County – 11 short sale properties under contract
  • Louisa  County – 9 short sale properties under contract

In February 2012, 13 Greater Charlottesville Short Sales sold making up 5.8% of all Greater Charlottesville Home Sales. The sales price of these homes range from $102,000 for a 1,312 square  foot, 3 bedroom, 2 bath rancher on a basement to $499,035 for a 2,884 square foot, 4 bedroom, 2 1/2 bath colonial on 2.01 acres with a basement, 2-car garage and swimming pool . The average sales price was $192,337. The average list to sales price was 95.2%. The average days on market was 127 days.

  • Charlottesville – 3 short sale properties sold
  • Albemarle County – 3 short sale properties sold
  • Greene County – 4 short sale properties sold
  • Fluvanna County – 3 short sale properties sold
  • Louisa  County – 0 short sale properties sold

Greater Charlottesville Short Sale Absorption Trend - February 2012

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 – January 2012
Greater Charlottesville Short Sale Market Report – December 2011

If you are thinking about buying a short sale or selling your Charlottesville home and you anticipate a short sale, contact 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 | February 2012

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About 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.