Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale November 2011
There are currently 70 Greater Charlottesville Short Sale properties for sale. Short sale listings make up 3.5% of all Greater Charlottesville Homes For Sale. They range in price from $78,000 for a 874 square foot, 2 bedroom, 1 bath cottage on 8.13 acres to $1,840,000 for a 6,469 square foot, 5 bedroom, 6 1/2 bath colonial on 21 acres. The average list price of these homes is $256,806. The average days on market is 151 days.
- Charlottesville – 3 short sale properties for sale
- Albemarle County – 29 short sale properties for sale
- Greene County – 10 short sale properties for sale
- Fluvanna County – 16 short sale properties for sale
- Louisa County – 12 short sale properties for sale
A total of 47 Greater Charlottesville Short Sale homes are under contract. Short sale listings account for 10.9% of all homes under contract in the Charlottesville area. The list price of these homes range from $67,000 for a 1,200 square foot, 3 bedroom, 3 bath condo to $629,000 for a 2,778 square foot, 3 bedroom, 2 1/2 bath cottage with water views on 3.08 acres. The average list price of these homes is $212,528. The average days on market is 106 days.
- Charlottesville – 9 short sale properties under contract
- Albemarle County – 16 short sale properties under contract
- Greene County – 10 short sale properties under contract
- Fluvanna County – 9 short sale properties under contract
- Louisa County – 3 short sale properties under contract
In November 2011, only 12 Greater Charlottesville Short Sales sold making up 7.8% of all Greater Charlottesville Home Sales. The sales price of these homes range from $75,000 for a 1,592 square foot, 3 bedroom, 2 bath single family home on 2.01 acres in need of TLC to $445,000 for a 4,438 square foot, 4 bedroom, 4 1/2 bath colonial in a premiere golf community. The average sales price was $216,667. The average list to sales price was 95.3%. The average days on market was 119 days.
- Charlottesville – 2 short sale properties sold
- Albemarle County – 6 short sale properties sold
- Greene County – 0 short sale properties sold
- Fluvanna County – 4 short sale properties sold
- Louisa County – 0 short sale properties sold
Based on the market absorption trend for Greater Charlottesville Short Sales, it’s a buyer’s market.
If you are thinking about buying a short sale or selling your selling your Charlottesville home and you anticipate a short sale, contact 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 © 2011 by Allegra Williams | Charlottesville Short Sale Agents (434.882.1055)
Greater Charlottesville Short Sale Market Report | November 2011
Allegra, what an informative report on the Charlottesville VA area and short sales are making up more of your market than mine right now. Homeowners struggling with their payments need to call the Charlottesville short sale agents for their wise assistance and guidance on their options. Great report!
Ginny Lacey Gorman
Phillips Post Road Realty
North Kingstown, RI 02852
North Kingstown Short Sale Agents
Congratulations on the 12 closed sales for the month of November, Allegra! I won’t be surprised if the next market report tells us that a significant percentage of your active listings and/or pending sales are sold already as you’ve always been a hardworking and diligent Punta Gorda Short Sale Agent!
Petra Norris
Lakeland Fl Short Sale Agents
Great news, 12 closed short sales for the month. I like the informative report. Keep it up!
Suburban Properties of Charlotte, LLC.
Charlotte Short Sale Agents
More people should really take advantage of short sale, it’s a great and better alternative than foreclosure!
Christine Pappas
RE/MAX Results
Willoughby Oh Short Sale Agents