Greater Charlottesville Short Sale Market Report | November 2011

Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale November 2011

Greater Charlottesville Short Sale Market Report November 2011

There are currently 70 Greater Charlottesville Short Sale properties for saleShort 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 areaThe 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
Greater Charlottesville Short Sale Absorption Trend November 2011

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 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 © 2011 by Allegra Williams | Charlottesville Short Sale Agents (434.882.1055)
Greater Charlottesville Short Sale Market Report | November 2011

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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