Charlottesville Area Short Sales | Market Update April 2015

Charlottesville Area Short Sales
Market Update April 2015

Charlottesville Area Short Sale Market Report - April 2015

There are currently 25 Charlottesville area short sale properties for sale. Short sale listings make up 1.4% of all Charlottesville area homes for sale. They range in price from $74,000 for a 783 square foot, 2 bedroom, 1 bath Albemarle County Condo to $700,000 for a 4,181 square foot, 4 bedroom, 4 1/2 bath, rancher with a basement and 2 car garage on 21 acres in scenic Ivy. The average list price of these homes is $193,460. The average days on market is 239 days.

  • Charlottesville – 1 short sale property for sale
  • Albemarle County – 8 short sale properties for sale
  • Greene County – 1 short sale property for sale
  • Fluvanna County – 15 short sale properties for sale
  • Louisa  County – 0 short sale properties for sale

A total of 25 Charlottesville area short sale homes are under contract. Short sale listings account for 2.4% of all homes under contract in the Charlottesville area. The list price of these homes range from $69,000 for a 976 square foot, 1 bedroom, 1 bath chalet on 3.3 acres in Greene County to $465,000 for a 2,323 square foot, 4 bedroom, 2 bath, updated brick farmhouse with a basement and carport on 7.31 acres in Albemarle County. This short sale listing also includes a 1,738 square foot modular home at the rear of the property with a separate driveway. The average list price of these homes is $179,292. The average days on market is 180 days.

  • Charlottesville – 1 short sale property under contract
  • Albemarle County – 10 short sale properties under contract
  • Greene County – 4 short sale properties under contract
  • Fluvanna County – 7 short sale properties under contract
  • Louisa  County – 3 short sale properties under contract

In April 2015, 2 Charlottesville area short sales sold making up 1% of all Charlottesville area home sales. The sales price of these homes range from $385,000 for a 2,885 square foot, 4 bedroom, 3 1/2 bath colonial with a basement and 2 car garage in Forest Lakes to $423,000 for a 5,412 square foot, 5 bedroom, 3 1/2 bath, manor house with a basement, terrace level in-law suite, pool and 2 car garage on 2.47 acres in Fluvanna County. The average sales price was $404,000. The average list to sales price was 99.9%. The average days on market was 249 days.

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

Charlottesville Area Short Sales Absorption Trend - April 2015

The Charlottesville Area Short Sale market is currently in a balanced market.

View Recent Charlottesville Area Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – March 2015
Greater Charlottesville Short Sale Market Report – February 2015

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!

Originally Posted at:
Greater Charlottesville Short Sale Market Report | April 2015

Sales information is courtesy of the Charlottesville Area Association of Realtors MLS.
Information is deemed reliable but not guaranteed.

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