Greater Charlottesville Short Sale Market Report | May 2015

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

Greater Charlottesville Short Sale Market Report - May 2015

There are currently 21 Greater Charlottesville short sale properties for sale. Short sale listings make up 1.2% of all Greater Charlottesville homes for sale. They range in price from $74,000 for a 783 square foot, 2 bedroom, 1 bath Albemarle County condo 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 $214,509. The average days on market is 282 days.

  • Charlottesville – 1 short sale property for sale
  • Albemarle County – 8 short sale properties for sale
  • Greene County – 1 short sale property for sale
  • Fluvanna County – 9 short sale properties for sale
  • Louisa  County – 2 short sale properties for sale

A total of 24 Greater Charlottesville short sale homes are under contract. Short sale listings account for 2.9% of all homes under contract in the Charlottesville area. The list price of these homes range from $69,000 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 $170,107. The average days on market is 136 days.

  • Charlottesville – 1 short sale property under contract
  • Albemarle County – 10 short sale properties under contract
  • Greene County – 2 short sale properties under contract
  • Fluvanna County – 9 short sale properties under contract
  • Louisa  County – 2 short sale properties under contract

In May 2015, 2 Greater Charlottesville short sales sold making up .62% of all Greater Charlottesville home sales. The sales price of these homes range from $72,000 for a 1,352 square foot, 4 bedroom, 1 1/2 bath townhouse in the City of Charlottesville to $179,000 for a 3,091 square foot, 3 bedroom, 3 bath, brick rancher with a full finished basement on 5.05 acres in Albemarle County. The average sales price was $149,900. The average list to sales price was 83.7%. The average days on market was 144 days.

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

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