Greater Charlottesville Short Sale Market Report | June 2015

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

Greater Charlottesville Short Sale Market Report - June 2015

There are currently 22 Greater Charlottesville short sale properties for sale. Short sale listings make up 1.4% of all Greater Charlottesville homes for sale. They range in price from $112,000 for a 960 square foot, 3 bedroom, 1 bath ranch style home on 2 acres in Fluvanna County to $700,000 for a 4,181 square foot, 4 bedroom, 4 1/2 bath, rancher with a basement and 2 car garage on 21 acres in scenic Ivy. The average list price of these homes is $221,754. The average days on market is 170 days.

  • Charlottesville – 1 short sale property for sale
  • Albemarle County – 10 short sale properties for sale
  • Greene County – 0 short sale properties for sale
  • Fluvanna County – 10 short sale properties for sale
  • Louisa  County – 1 short sale property for sale

A total of 19 Greater Charlottesville short sale homes are under contract. Short sale listings account for 2.8% of all homes under contract in the Charlottesville area. The list price of these homes range from $70,000 for a 976 square foot, 1 bedroom, 1 bath chalet on 3.3 acres in Greene County to $344,000 for a 3,190 square foot, 4 bedroom, 3 1/2 bath, contemporary with a partially finished basement and 2 car garage on 1.18 acres in Albemarle County. The average list price of these homes is $176,793. The average days on market is 155 days.

  • Charlottesville – 1 short sale property under contract
  • Albemarle County – 8 short sale properties under contract
  • Greene County – 2 short sale properties under contract
  • Fluvanna County – 5 short sale properties under contract
  • Louisa  County – 3 short sale properties under contract

In June 2015, 5 Greater Charlottesville short sales sold making up 1.1% of all Greater Charlottesville home sales. The sales price of these homes range from $85,000 for a 1,006 square foot, 3 bedroom, 1 1/2 bath condo in Albemarle County to $450,000 for a 2,323 square foot, 4 bedroom, 2 bath, updated brick farmhouse with a basement and carport on 7.31 acres in Albemarle County. This short sale listing also included a 1,738 square foot modular home at the rear of the property with a separate driveway. The average sales price was $214,300. The average list to sales price was 98.8%. The average days on market was 368 days.

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

Greater Charlottesville Short Sale Absorption Trend - June 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 – May 2015
Greater Charlottesville Short Sale Market Report – April 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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