Greater Charlottesville Short Sale Market Report | October 2012

Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale October 2012

Greater Charlottesville Short Sale Market Report - Oct 2012

There are currently 66 Greater Charlottesville Short Sale properties for sale. Short sale listings make up 4.2% of all Greater Charlottesville Homes For Sale. They range in price from $60,000 for a 1,680 square foot, 3 bedroom, 2 bath attached mobile home on 4 acres to $789,000 for a 4,121 square foot, 4 bedroom, 4 bath brick front colonial on 9.82 acres with year round Blue Ridge Mountain views. The average list price of these homes is $215,918. The average days on market is 194 days.

  • Charlottesville – 8 short sale properties for sale
  • Albemarle County – 17 short sale properties for sale
  • Greene County – 3 short sale properties for sale
  • Fluvanna County – 27 short sale properties for sale
  • Louisa  County – 11 short sale properties for sale

A total of 50 Greater Charlottesville Short Sale homes are under contract. Short sale listings account for 9.9% of all homes under contract in the Charlottesville area. The list price of these homes range from $80,000 for a 1,044 square foot, 2 bedroom, 1 1/2 bath ranch home at Lake Monticello in Fluvanna County to $650,000 for a 4,181 square foot, 4 bedroom, 4 1/2 bath rancher with beautiful views on 21 acres in Ivy. The average list price of these homes is $184,463. The average days on market is 118 days.

  • Charlottesville – 2 short sale properties under contract
  • Albemarle County – 17 short sale properties under contract
  • Greene County – 11 short sale properties under contract
  • Fluvanna County – 16 short sale properties under contract
  • Louisa  County – 4 short sale properties under contract

In October 2012, 6 Greater Charlottesville Short Sales sold making up 2% of all Greater Charlottesville Home Sales. The sales price of these homes range from $50,500 for a 393 square  foot, 1 bedroom, 1 bath condo in Charlottesville to $190,000 for a 2,186 square foot, 4 bedroom, 2 1/2 bath colonial in Louisa County on 1.6 acres. The average sales price was $133,292. The average list to sales price was 93.6%. The average days on market was 125 days.

  • Charlottesville – 2 short sale properties sold
  • Albemarle County – 1 short sale property sold
  • Greene County – 0 short sale properties sold
  • Fluvanna County – 0 short sale properties sold
  • Louisa  County – 3 short sale properties sold

Greater Charlottesville Short Sale Absorption Trend - Oct 2012

Based on the market absorption trend for Greater Charlottesville Short Sales, it’s a buyer’s market.

View Recent Greater Charlottesville Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – September 2012
Greater Charlottesville Short Sale Market Report – August 2012

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 © 2012 by Allegra Williams
Greater Charlottesville Short Sale Market Report | October 2012

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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