Greater Charlottesville Short Sale Market Report | October 2011

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

Greater Charlottesville Short Sale Market Report October 2011

There are currently 79 Greater Charlottesville Short Sale properties for saleShort 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 areaThe  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
Greater Charlottesville Short Sale Absorption Trend October 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 | October 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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