Charlottesville Area Short Sale
Market Update for May 2012
There are currently 62 Charlottesville area short sale properties for sale. Short sale listings make up 3.3% of all Charlottesville area homes for sale. They range in price from $52,000 for a 640 square foot, 2 bedroom, 1 bath rancher to $789,000 for a 4,121 square foot, 4 bedroom, 4 bath brick front colonial with a 3-car garage on 9.82 acres. The average list price of these homes is $222,685. The average days on market is 156 days.
- Charlottesville – 7 short sale properties for sale
- Albemarle County – 21 short sale properties for sale
- Greene County – 5 short sale properties for sale
- Fluvanna County – 20 short sale properties for sale
- Louisa  County – 9 short sale properties for sale
A total of 54 Charlottesville area short sale homes are under contract. Short sale listings account for 8.64% 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 $940,900 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 list price of these homes is $208,213. The average days on market is 140 days.
- Charlottesville – 6 short sale properties under contract
- Albemarle County – 20 short sale properties under contract
- Greene County – 6 short sale properties under contract
- Fluvanna County – 11 short sale properties under contract
- Louisa  County – 11 short sale properties under contract
In May 2012, 15 Charlottesville area short sales sold making up 5.8% of all Charlottesville area home sales. The sales price of these homes range from $75,000 for a 1,450 square foot, 4 bedroom, 4 bath condo to $550,000 for a 3,185 square foot, 4 bedroom, 3 1/2 bath colonial in Glenmore. The average sales price was $222,473. The average list to sales price was 95.6%. The average days on market was 115 days.
- Charlottesville – 0 short sale properties sold
- Albemarle County – 9 short sale properties sold
- Greene County – 3 short sale properties sold
- Fluvanna County – 2 short sale properties sold
- Louisa  County – 1 short sale property sold
Based on the market absorption trend for Charlottesville Area Short Sales, it’s a seller’s market.
View Recent Charlottesville Area Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – April 2012
Greater Charlottesville Short Sale Market Report – March 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-may-2012/
Copyright © 2012 by Allegra Williams
Charlottesville Area Short Sale Market Update | May 2012
