Greater Charlottesville Short Sale Market Report | October 2013

Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale October 2013

Greater Charlottesville Short Sale Market Report - October 2013

There are currently 31 Greater Charlottesville short sale properties for sale. Short sale listings make up 2.1% of all Greater Charlottesville homes for sale. They range in price from $79,900 for a 1,176 square foot, 3 bedroom, 2 bath, fixer upper at Lake Monticello in Fluvanna County to $785,000 for a 6,383 square foot, 5 bedroom, 5 1/2 bath, cape cod with a finished basement and 4 car garage in the Glenmore community. The average list price of these homes is $233,879. The average days on market is 201 days.

  • Charlottesville – 1 short sale property 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 – 5 short sale properties for sale

A total of 43 Greater Charlottesville short sale homes are under contract. Short sale listings account for 9% of all homes under contract in the Charlottesville area. The list price of these homes range from $59,900 for a 1,092 square foot, 2 bedroom, 1 bath, ranch style house in Blue Ridge Shores in Louisa to $649,000 for a 4,343 square foot, 6 bedroom, 5 1/2 bath, farmhouse with a basement and 2 car garage in the Glenmore neighborhood. The average list price of these homes is $211,833. The average days on market is 99 days.

  • Charlottesville – 4 short sale properties under contract
  • Albemarle County – 14 short sale properties under contract
  • Greene County – 8 short sale properties under contract
  • Fluvanna County – 9 short sale properties under contract
  • Louisa  County – 8 short sale properties under contract

In October 2013, 8 Greater Charlottesville short sales sold making up 3.9% of all Greater Charlottesville home sales. The sales price of these homes range from $90,500 for a 1,428 square foot, 3 bedroom, 1 1/2 bath townhouse to $365,000 for a 2,416 square foot, 4 bedroom, 2 1/2 bath, colonial with a 2 car garage in Forest Lakes South. The average sales price was $211,638. The average list to sales price was 94.3%. The average days on market was 128 days.

  • Charlottesville – 0 short sale properties sold
  • Albemarle County – 2 short sale properties sold
  • Greene County – 1 short sale property sold
  • Fluvanna County – 4 short sale properties sold
  • Louisa  County – 1 short sale property sold

Greater Charlottesville Short Sale Absorption Trend - October 2013

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

View Recent Greater Charlottesville Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – September 2013
Greater Charlottesville Short Sale Market Report – August 2013

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 © 2014 by Allegra Williams
Greater Charlottesville Short Sale Market Report | October 2013

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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