Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale July 2012
There are currently 61 Greater Charlottesville Short Sale properties for sale. Short sale listings make up 3.4% of all Greater Charlottesville Homes For Sale. They range in price from $69,000 for a 1,056 square foot, 3 bedroom, 2 bath rancher to $825,000 for a 5,617 square foot, 5 bedroom, 6 bath fully renovated antebellum estate in Downtown Charlottesville. The average list price of these homes is $225,005. The average days on market is 182 days.
- Charlottesville – 4 short sale properties for sale
- Albemarle County – 16 short sale properties for sale
- Greene County – 9 short sale properties for sale
- Fluvanna County – 24 short sale properties for sale
- Louisa County – 8 short sale properties for sale
A total of 58 Greater Charlottesville Short Sale homes are under contract. Short sale listings account for 11% of all homes under contract in the Charlottesville area. The list price of these homes range from $59,900 for a 393 square foot, 1 bedroom, 1 bath condo 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 $196,676. The average days on market is 139 days.
- Charlottesville – 7 short sale properties under contract
- Albemarle County – 22 short sale properties under contract
- Greene County – 7 short sale properties under contract
- Fluvanna County – 13 short sale properties under contract
- Louisa County – 9 short sale properties under contract
In July 2012, 8 Greater Charlottesville Short Sales sold making up 2.9% of all Greater Charlottesville Home Sales. The sales price of these homes range from $91,000 for a 1,848 square foot, 3 bedroom, 1 bath brick ranch in need of work in Earlysville to $890,000 for a 5,982 square foot, 5 bedroom, 4 full 2 half bath brick manor home with a 3-car garage on 2.05 acres. The average sales price was $249,250. The average list to sales price was 97.6%. The average days on market was 76 days.
- Charlottesville – 2 short sale properties sold
- Albemarle County – 2 short sale properties sold
- Greene County – 0 short sale properties sold
- Fluvanna County – 1 short sale property sold
- Louisa County – 3 short sale properties sold
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 – June 2012
Greater Charlottesville Short Sale Market Report – May 2012
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 | July 2012
Allegra,
Thanks for posting an updated Charlottesville Short Sale Market Report. You are the go to realtor for Charlottesville Short Sales!
Nestor & Katerina Gasset
Wellington Florida Short Sale Agents