Greater Charlottesville Short Sale Market Report | July 2014

Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale July 2014

Greater Charlottesville Short Sale Market Report - July 2014

There are currently 43 Greater Charlottesville short sale properties for sale. Short sale listings make up 2.3% of all Greater Charlottesville homes for sale. They range in price from $65,000 for a 1,176 square foot, 3 bedroom, 2 bath, fixer upper at Lake Monticello in Fluvanna County to $645,000 for a 6,383 square foot, 5 bedroom, 5 1/2 bath, brick front cape cod with a finished basement and 4 car garage in the prestigious Glenmore community. The average list price of these homes is $206,324. The average days on market is 190 days.

  • Charlottesville – 5 short sale properties for sale
  • Albemarle County – 19 short sale properties for sale
  • Greene County – 6 short sale properties for sale
  • Fluvanna County – 12 short sale properties for sale
  • Louisa  County – 1 short sale property for sale

A total of 32 Greater Charlottesville short sale homes are under contract. Short sale listings account for 5% of all homes under contract in the Charlottesville area. The list price of these homes range from $79,950 for a 783 square foot, 2 bedroom, 1 bath, condo in Albemarle County to $790,000 for a 4,950 square foot, 6 bedroom, 3 bath, post & beam country villa with a 2 car garage on 111 acres in Albemarle County. The average list price of these homes is $206,480. The average days on market is 107 days.

  • Charlottesville – 0 short sale properties under contract
  • Albemarle County – 15 short sale properties under contract
  • Greene County – 6 short sale properties under contract
  • Fluvanna County – 8 short sale properties under contract
  • Louisa  County – 3 short sale properties under contract

In July 2014, 6 Greater Charlottesville short sales sold making up 1.4% of all Greater Charlottesville home sales. The sales price of these homes range from $80,000 for a 1,500 square foot, 2 bedroom, 1 bath cottage with a basement in Greene County to $635,000 for a 4,252 square foot, 5 bedroom, 4 bath, brick georgian with a basement and 2 car garage on 1.39 acres in the upscale neighborhood of Walnut Hills. The average sales price was $216,356. The average list to sales price was 98.1%. The average days on market was 164 days.

  • Charlottesville – 0 short sale properties sold
  • Albemarle County – 3 short sale properties sold
  • Greene County – 2 short sale properties sold
  • Fluvanna County – 1 short sale property sold
  • Louisa  County – 0 short sale properties sold

Greater Charlottesville Short Sale Absorption Trend - July 2014

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 2014
Greater Charlottesville Short Sale Market Report – May 2014

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 © 2014 by Allegra Williams
Greater Charlottesville Short Sale Market Report | July 2014

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