Greater Charlottesville Short Sale Market Report | March 2012

Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale March 2012

Greater Charlottesville Short Sale Market Report - March 2012

There are currently 64 Greater Charlottesville Short Sale properties for saleShort sale listings make up 3.3% of all Greater Charlottesville Homes For Sale. They range in price from $61,000 for a 640 square foot, 2 bedroom, 1 bath rancher to $995,000 for a 5,798 square foot, 5 bedroom, 5 1/2  bath colonial with beautiful mountain views on 2.75 acres. The average list price of these homes is  $249,630. The average days on market is 176 days.

  • Charlottesville – 4 short sale properties for sale
  • Albemarle County – 23 short sale properties for sale
  • Greene County – 7 short sale properties for sale
  • Fluvanna County – 20 short sale properties for sale
  • Louisa  County – 10 short sale properties for sale

A total of 53 Greater Charlottesville Short Sale homes are under contract. Short sale listings account for 7.8% of all homes under contract in the Charlottesville areaThe list price of these homes range from $59,900 for a 393 square foot, 1 bedroom, 1 bath condo to $2,100,000 for a 4,569 square foot, 5  bedroom, 3 1/2 bath dutch colonial on 1.68 acres located in the City of Charlottesville. The average list price of these homes is $250,976. The average days on market is 131 days.

  • Charlottesville – 6 short sale properties under contract
  • Albemarle County – 23 short sale properties under contract
  • Greene County – 8 short sale properties under contract
  • Fluvanna County – 7 short sale properties under contract
  • Louisa  County – 9 short sale properties under contract

In March 2012, 5 Greater Charlottesville Short Sales sold making up 2.3% of all Greater Charlottesville Home Sales. The sales price of these homes range from $147,500 for a 1,600 square  foot, 3 bedroom, 2 1/2 bath colonial in Fluvanna County at Lake Monticello to $550,000 for a 4,883 square foot, 6 bedroom, 5 1/2 bath craftsman in the City of Charlottesville. The average sales price was $270,900. The average list to sales price was 96.2%. The average days on market was 149 days.

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

Greater Charlottesville Short Sale Absorption Trend - March 2012

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 – February 2012
Greater Charlottesville Short Sale Market Report – January 2012

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 © 2012 by Allegra Williams
Greater Charlottesville Short Sale Market Report | March 2012

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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