Greater Charlottesville Short Sale Market Report | September 2012

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

Greater Charlottesville Short Sale Market Report - September 2012

There are currently 62 Greater Charlottesville Short Sale properties for sale. Short sale listings make up 3.8% 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 beautifully maintained brick front colonial on 9.82 acres with year round Blue Ridge Mountain views. The average list price of these homes is $226,795. The average days on market is 219 days.

  • Charlottesville – 3 short sale properties for sale
  • Albemarle County – 19 short sale properties for sale
  • Greene County – 6 short sale properties for sale
  • Fluvanna County – 23 short sale properties for sale
  • Louisa  County – 11 short sale properties for sale

A total of 52 Greater Charlottesville Short Sale homes are under contract. Short sale listings account for 10.2% 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 lovely Ivy. The average list price of these homes is $192,895. The average days on market is 110 days.

  • Charlottesville – 3 short sale properties under contract
  • Albemarle County – 19 short sale properties under contract
  • Greene County – 9 short sale properties under contract
  • Fluvanna County – 17 short sale properties under contract
  • Louisa  County – 4 short sale properties under contract

In September 2012, 16 Greater Charlottesville Short Sales sold making up 5.4% of all Greater Charlottesville Home Sales. The sales price of these homes range from $75,000 for a 1,616 square  foot, 3 bedroom, 2 bath single family home in Charlottesville to $340,000 for a 1,632 square foot, 2 bedroom, 2 bath circa 1930 cottage in Keswick on 1.66 acres. The average sales price was $179,259. The average list to sales price was 92.7%. The average days on market was 226 days.

  • Charlottesville – 2 short sale properties sold
  • Albemarle County – 8 short sale properties sold
  • Greene County – 1 short sale property sold
  • Fluvanna County – 3 short sale properties sold
  • Louisa  County – 2 short sale properties sold

Greater Charlottesville Short Sale Absorption Trend - September 2012

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 – August 2012
Greater Charlottesville Short Sale Market Report – July 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 | September 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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