Charlottesville Area Short Sale Market Update | July 2012

Charlottesville Area Short Sale
Market Update for July 2012

Charlottesville Area Short Sale Market Update - July 2012

There are currently 61 Charlottesville area short sale properties for sale. Short sale listings make up 3.4% of all Charlottesville area homes for sale. They range in price from $69,000 for a 1,056 square foot, 3 bedroom, 2 bath rancher to $825,000 for a 5,617 square foot, 5 bedroom, 6 bath fully renovated antebellum estate in Downtown Charlottesville. The average list price of these homes is $225,005. The average days on market is 182 days.

  • Charlottesville – 4 short sale properties for sale
  • Albemarle County – 16 short sale properties for sale
  • Greene County – 9 short sale properties for sale
  • Fluvanna County – 24 short sale properties for sale
  • Louisa  County – 8 short sale properties for sale

A total of 58 Charlottesville area 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 $59,900 for a 393 square foot, 1 bedroom, 1 bath condo 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 $196,676. The average days on market is 139 days.

  • Charlottesville – 7 short sale properties under contract
  • Albemarle County – 22 short sale properties under contract
  • Greene County – 7 short sale properties under contract
  • Fluvanna County – 13 short sale properties under contract
  • Louisa  County – 9 short sale properties under contract

In July 2012, 8 Charlottesville area short sales sold making up 2.9% of all Charlottesville area home sales. The sales price of these homes range from $91,000 for a 1,848 square  foot, 3 bedroom, 1 bath brick ranch in need of work in Earlysville to $890,000 for a 5,982 square foot, 5 bedroom, 4 full 2 half bath brick manor home with a 3-car garage on 2.05 acres. The average sales price was $249,250. The average list to sales price was 97.6%. The average days on market was 76 days.

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

Charlottesville Area Short Sale Absorption Trend - July 2012

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

View Recent Charlottesville Area Short Sale Market Reports Here:
Charlottesville Area Short Sale Market Update – June 2012
Charlottesville Area Short Sale Market Update – May 2012

If you are thinking about buying a short sale or 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.

Originally Posted at:
http://www.charlottesvilleshortsaleagent.com/greater-charlottesville-short-sale-market-report-july-2012/

Copyright © 2012 by Allegra Williams
Charlottesville Area Short Sale Market Update | July 2012

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