Greater Charlottesville Short Sale Market Report | May 2014

Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale May 2014

Greater Charlottesville Short Sale Market Report - May 2014

There are currently 45 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 $67,000 for a 1,176 square foot, 3 bedroom, 2 bath, fixer upper at Lake Monticello in Fluvanna County to $645,000 for a 3,793 square foot, 4 bedroom, 4 bath, brick colonial with a basement and 2 car garage on 16.28 acres in Western Albemarle County. The average list price of these homes is $227,172. The average days on market is 150 days.

  • Charlottesville – 5 short sale properties for sale
  • Albemarle County – 14 short sale properties for sale
  • Greene County – 9 short sale properties for sale
  • Fluvanna County – 16 short sale properties for sale
  • Louisa  County – 1 short sale property for sale

A total of 35 Greater Charlottesville short sale homes are under contract. Short sale listings account for 4.4% of all homes under contract in the Charlottesville area. The list price of these homes range from $79,950 for a 783 square foot, 2 bedroom, 1 bath, condo in Albemarle County to $630,500 for a 4,252 square foot, 5 bedroom, 4 bath, brick georgian with a basement and 2 car garage in the Walnut Hills neighborhood in Earlysville. The average list price of these homes is $190,971. The average days on market is 118 days.

  • Charlottesville – 0 short sale properties under contract
  • Albemarle County – 22 short sale properties under contract
  • Greene County – 4 short sale properties under contract
  • Fluvanna County – 5 short sale properties under contract
  • Louisa  County – 4 short sale properties under contract

In May 2014, 5 Greater Charlottesville short sales sold making up 1.7% of all Greater Charlottesville home sales. The sales price of these homes range from $70,000 for a 2,112 square foot, 3 bedroom, 2 1/2 bath rancher with a basement on 2.08 acres in Fluvanna County to $175,750 for a 1,356 square foot, 3 bedroom, 2 bath, cottage with a basement on 11.6 acres in Fluvanna. The average sales price was $114,850. The average list to sales price was 98.1%. The average days on market was 121 days.

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

Greater Charlottesville Short Sale Absorption Trend - May 2014

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

View Recent Greater Charlottesville Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – April 2014
Greater Charlottesville Short Sale Market Report – March 2014

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 © 2014 by Allegra Williams
Greater Charlottesville Short Sale Market Report | May 2014

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