Greater Charlottesville Short Sale Market Report | June 2013

Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale June 2013

Greater Charlottesville Short Sale Market Report - June 2013

There are currently 40 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 $105,000 for a 560 square foot, 2 bedroom, 1 bath bungalow in Greene County to $1.075,000 for a 7,279 square foot, 5 bedroom, 3 full & 2 half bath, brick colonial with a basement and 3 car garage on 2.08 acres. The average list price of these homes is $246,554. The average days on market is 164 days.

  • Charlottesville – 0 short sale properties for sale
  • Albemarle County – 11 short sale properties for sale
  • Greene County – 6 short sale properties for sale
  • Fluvanna County – 15 short sale properties for sale
  • Louisa  County – 8 short sale properties for sale

A total of 42 Greater Charlottesville short sale homes are under contract. Short sale listings account for 6.2% of all homes under contract in the Charlottesville area. The list price of these homes range from $79,900 for a 1,620 square foot, 3 bedroom, 2 bath doublewide on 3.14 acres in Louisa County to $785,000 for a 6,383 square foot, 5 bedroom, 5 full and 1 half bath, cape cod with a basement and 4 car garage on a cul-de-sac in the Glenmore neighborhood. The average list price of these homes is $214,205. The average days on market is 146 days.

  • Charlottesville – 7 short sale properties under contract
  • Albemarle County – 15 short sale properties under contract
  • Greene County – 4 short sale properties under contract
  • Fluvanna County – 12 short sale properties under contract
  • Louisa  County – 4 short sale properties under contract

In June 2013, 10 Greater Charlottesville short sales sold making up 2.7% of all Greater Charlottesville home sales. The sales price of these homes range from $141,400 for a 1,352 square foot, 3 bedroom, 2 bath ranch style home in Greene County to $859,500 for a 4,558 square foot, 4 bedroom, 3 full & 1 half bath, brick georgian on 2.57 acres enjoying stunning Blue Ridge Mountain views in The Rocks community. The average sales price was $351,040. The average list to sales price was 99.5%. The average days on market was 169 days.

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

Greater Charlottesville Short Sale Absorption Trend - June 2013

Based on the market absorption trend for Greater Charlottesville Short Sales, it’s a seller’s market.

View Recent Greater Charlottesville Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – May 2013
Greater Charlottesville Short Sale Market Report – April 2013

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 © 2013 by Allegra Williams
Greater Charlottesville Short Sale Market Report | June 2013

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.

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