Greater Charlottesville Short Sale Market Report | March 2015

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

Greater Charlottesville Short Sale Market Report - March 2015There are currently 26 Greater Charlottesville short sale properties for sale. Short sale listings make up 1.5% of all Greater Charlottesville homes for sale. They range in price from $69,000 for a 976 square foot, 1 bedroom, 1 bath chalet on 3.3 acres in Greene 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 $202,056. The average days on market is 238 days.

  • Charlottesville – 1 short sale property for sale
  • Albemarle County – 10 short sale properties for sale
  • Greene County – 2 short sale properties for sale
  • Fluvanna County – 13 short sale properties for sale
  • Louisa  County – 0 short sale properties for sale

A total of 25 Greater Charlottesville short sale homes are under contract. Short sale listings account for 2.6% of all homes under contract in the Charlottesville area. The list price of these homes range from $69,900 for a 1,352 square foot, 4 bedroom, 1 1/2 bath townhome in the City of Charlottesville to $370,000 for a 2,885 square foot, 4 bedroom, 3 1/2 bath, colonial with a basement and 2 car garage in Albemarle County. The average list price of these homes is $178,076. The average days on market is 162 days.

  • Charlottesville – 1 short sale property under contract
  • Albemarle County – 11 short sale properties under contract
  • Greene County – 3 short sale properties under contract
  • Fluvanna County – 7 short sale properties under contract
  • Louisa  County – 3 short sale properties under contract

In March 2015, 7 Greater Charlottesville short sales sold making up 3.4% of all Greater Charlottesville home sales. The sales price of these homes range from $75,000 for a 960 square foot, 3 bedroom, 1 bath ranch style home on 2.31 acres in Albemarle County to $330,000 for a 2,661 square foot, 4 bedroom, 2 1/2 bath, contemporary with a basement and detached 2 car garage in Crozet, VA. The average sales price was $193,928. The average list to sales price was 95.9%. The average days on market was 143 days.

  • Charlottesville – 0 short sale properties sold
  • Albemarle County – 5 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 - March 2015

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 – February 2015
Greater Charlottesville Short Sale Market Report – January 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.

Copyright © 2015 by Allegra Williams
Greater Charlottesville Short Sale Market Report | March 2015

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