Greater Charlottesville Short Sale Market Report | November 2014

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

Greater Charlottesville Short Sale Market Report - November 2014

There are currently 27 Greater Charlottesville short sale properties for sale. Short sale listings make up 1.8% of all Greater Charlottesville homes for sale. They range in price from $74,000 for a 783 square foot, 2 bedroom, 1 bath 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 $214,738. The average days on market is 230 days.

  • Charlottesville – 2 short sale properties for sale
  • Albemarle County – 10 short sale properties for sale
  • Greene County – 4 short sale properties for sale
  • Fluvanna County – 11 short sale properties for sale
  • Louisa  County – 0 short sale properties for sale

A total of 29 Greater Charlottesville short sale homes are under contract. Short sale listings account for 4.9% 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 $439,000 for a 5,412 square foot, 5 bedroom, 3 1/2 bath, manor house with an in-ground pool on 2.47 acres in Fluvanna County. The average list price of these homes is $191,503. The average days on market is 152 days.

  • Charlottesville – 1 short sale property under contract
  • Albemarle County – 13 short sale properties under contract
  • Greene County – 3 short sale properties under contract
  • Fluvanna County – 9 short sale properties under contract
  • Louisa  County – 3 short sale properties under contract

In November 2014, 5 Greater Charlottesville short sales sold making up 2.5% of all Greater Charlottesville home sales. The sales price of these homes range from $88,000 for a 1,008 square foot, 3 bedroom, 1 bath ranch style home on 2.09 acres in Albemarle County to $504,000 for a 6,383 square foot, 5 bedroom, 6 bath, brick front cape cod with a finished basement and 4 car garage in the prestigious Glenmore community. The average sales price was $205,900. The average list to sales price was 81.3%. The average days on market was 429 days.

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

Greater Charlottesville Short Sale Absorption Trend - November 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 – October 2014
Greater Charlottesville Short Sale Market Report – September 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 © 2015 by Allegra Williams
Greater Charlottesville Short Sale Market Report | November 2014

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