Greater Charlottesville Short Sale Market Report | July 2015

Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale July 2015

Greater Charlottesville Short Sale Market Report - July 2015

There are currently 25 greater Charlottesville short sale properties for sale. Short sale listings make up 2% of all greater Charlottesville homes for sale. They range in price from $59,950 for a 783 square foot, 2 bedroom, 1 bath condo in Albemarle County to $429,999 for a 5,064 square foot, 5 bedroom, 4 1/2 bath, cape cod with a basement and 2 car garage on 22 acres in Fluvanna County. The average list price of these homes is $215,669. The average days on market is 119 days.

  • Charlottesville – 1 short sale property for sale
  • Albemarle County – 9 short sale properties for sale
  • Greene County – 2 short sale properties for sale
  • Fluvanna County – 11 short sale properties for sale
  • Louisa  County – 2 short sale properties for sale

A total of 17 greater Charlottesville short sale homes are under contract. Short sale listings account for 3.4% of all homes under contract in the Charlottesville area. The list price of these homes range from $75,000 for a 1,344 square foot, 4 bedroom, 2 1/2 bath rancher with a 3 car garage on 7.84 acres in Earlysville to $349,900 for a 2,214 square foot, 4 bedroom, 2 1/2 bath, contemporary with a basement and 2 car garage in Fontana. The average list price of these homes is $174,464. The average days on market is 204 days.

  • Charlottesville – 0 short sale properties under contract
  • Albemarle County – 8 short sale properties under contract
  • Greene County – 1 short sale property under contract
  • Fluvanna County – 6 short sale properties under contract
  • Louisa  County – 2 short sale properties under contract

In July 2015, 5 greater Charlottesville short sales sold making up 1.4% of all greater Charlottesville home sales. The sales price of these homes range from $102,000 for a 1,568 square foot, 3 bedroom, 2 bath ranch style home at Lake Monticello in Fluvanna County to $500,000 for a 6,924 square foot, 4 bedroom, 4 1/2 bath, rustic contemporary with a basement, 4 car garage and large barn on 8.54 acres in Albemarle County. The average sales price was $200,800. The average list to sales price was 83.6%. The average days on market was 151 days.

  • Charlottesville – 0 short sale properties 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 - July 2015

The greater Charlottesville Short Sale market is currently in a balanced market.

View Recent Greater Charlottesville Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – June 2015
Greater Charlottesville Short Sale Market Report – May 2015

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.

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