Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale October 2011
There are currently 79 Greater Charlottesville Short Sale properties for sale. Short sale listings make up 3.6% of all Greater Charlottesville Homes For Sale. They range in price from $83,000 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 $247,883. The average days on market is 147 days.
- Charlottesville – 4 short sale properties for sale
- Albemarle County – 33 short sale sale properties for sale
- Greene County – 11 short sale properties for sale
- Fluvanna County – 19 short sale properties for sale
- Louisa County – 12 short sale properties for sale
A total of 50 Greater Charlottesville Short Sale homes are under contract. Short sale listings account for 11% 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 $699,000 for a 4,670 square foot, 5 bedroom, 3 bath farmhouse on 10.57 acres. The average list price of these homes is $229,761. The average days on market is 104 days.
- Charlottesville – 9 short sale properties under contract
- Albemarle County – 20 short sale sale properties under contract
- Greene County – 9 short sale properties under contract
- Fluvanna County – 9 short sale properties under contract
- Louisa County – 3 short sale properties under contract
In October 2011, only 10 Greater Charlottesville Short Sales sold making up 6.5% of all Greater Charlottesville Home Sales. The sales price of these homes range from $70,000 for a 1,200 square foot, 3 bedroom, 3 bath condo to $750,000 for a 4,262 square foot, 5 bedroom, 3 1/2 bath victorian farmhouse on 7 acres. The average sales price was $281,900. The average list to sales price was 91.8%. The average days on market was 147 days.
- Charlottesville – 1 short sale property sold
- Albemarle County – 8 short sale sale properties sold
- Greene County – 0 short sale properties sold
- Fluvanna County – 1 short sale property 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 | October 2011
Congratulations on the closed sales, Allegra and the rest of Charlottesville Short Sale Agents! With the listings breakdown and rich inventory, it looks like you could still have a promising sales turnout by the end of the year!
Petra Norris
Lakeland Fl Short Sale Agents
Such a wonderful news Allegra.Congratulation on your sale ,I know more success to come.Best of luck and stay Amazing Charlottesville short sale agent.
Christine Pappas
RE/MAX Results
Willoughby Oh Short Sale Agents