Charlottesville Area Short Sale Market Update
March 2012
There are currently 64 Charlottesville area short sale homes for sale. Short sale listings make up 3.3% of all Charlottesville area homes for sale. They range in price from $61,000 for a 640 square foot, 2 bedroom, 1 bath rancher to $995,000 for a 5,798 square foot, 5 bedroom, 5 1/2 bath colonial with beautiful mountain views on 2.75 acres. The average list price of these homes is $249,630. The average days on market is 176 days.
- Charlottesville – 4 short sale properties for sale
- Albemarle County – 23 short sale properties for sale
- Greene County – 7 short sale properties for sale
- Fluvanna County – 20 short sale properties for sale
- Louisa  County – 10 short sale properties for sale
A total of 53 Charlottesville area short sale properties are under contract. Short sale listings account for 7.8% 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 $2,100,000 for a 4,569 square foot, 5  bedroom, 3 1/2 bath dutch colonial on 1.68 acres located in the City of Charlottesville. The average list price of these homes is $250,976. The average days on market is 131 days.
- Charlottesville – 6 short sale properties under contract
- Albemarle County – 23 short sale properties under contract
- Greene County – 8 short sale properties under contract
- Fluvanna County – 7 short sale properties under contract
- Louisa  County – 9 short sale properties under contract
In March 2012, 5 Charlottesville area short sales sold making up 2.3% of all Charlottesville area home sales. The sales price of these homes range from $147,500 for a 1,600 square foot, 3 bedroom, 2 1/2 bath colonial in Fluvanna County at Lake Monticello to $550,000 for a 4,883 square foot, 6 bedroom, 5 1/2 bath craftsman in the City of Charlottesville. The average sales price was $270,900. The average list to sales price was 96.2%. The average days on market was 149 days.
- Charlottesville – 1 short sale property sold
- Albemarle County – 1 short sale property sold
- Greene County – 0 short sale properties sold
- Fluvanna County – 1 short sale property sold
- Louisa  County – 2 short sale properties sold
Based on the market absorption trend for Charlottesville area short sales, it’s a buyer’s market.
View Recent Greater Charlottesville Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – February 2012
Greater Charlottesville Short Sale Market Report – January 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.
Copyright © 2012 by Allegra Williams
Charlottesville Area Short Sale Market Update | March 2012
Originally posted at http://www.charlottesvilleshortsaleagent.com/greater-charlottesville-short-sale-market-report-march-2012/
