Charlottesville Area Short Sales | Market Update For April 2014

Charlottesville Area Short Sales
Market Update For April 2014

Charlottesville Area Short Sale Market Report - April 2014

There are currently 47 Charlottesville area short sale properties for sale. Short sale listings make up 2.5% of all Charlottesville area homes for sale. They range in price from $72,000 for a 1,176 square foot, 3 bedroom, 2 bath, fixer upper at Lake Monticello in Fluvanna County to $695,000 for a 3,793 square foot, 4 bedroom, 4 bath, brick colonial with a basement and 2 car garage on 16.28 acres in Western Albemarle County. The average list price of these homes is $231,017. The average days on market is 147 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 – 16 short sale properties for sale
  • Louisa  County – 2 short sale properties for sale

A total of 29 Charlottesville area short sale homes are under contract. Short sale listings account for 3.5% of all homes under contract in the Charlottesville area. The list price of these homes range from $79,950 for a 783 square foot, 2 bedroom, 1 bath, condo in Albemarle County to $630,500 for a 4,252 square foot, 5 bedroom, 4 bath, brick georgian with a basement and 2 car garage in the Walnut Hills neighborhood in Earlysville. The average list price of these homes is $196,845. The average days on market is 110 days.

  • Charlottesville – 0 short sale properties under contract
  • Albemarle County – 19 short sale properties under contract
  • Greene County – 3 short sale properties under contract
  • Fluvanna County – 4 short sale properties under contract
  • Louisa  County – 3 short sale properties under contract

In April 2014, 11 Charlottesville area short sales sold making up 2.5% of all Charlottesville area home sales. The sales price of these homes range from $112,500 for a 1,600 square foot, 3 bedroom, 2 bath rancher with a basement at Lake Monticello in Fluvanna County to $499,900 for a 5,600 square foot, 4 bedroom, 2 1/2 bath, brick colonial with a basement and 2 car garage on 20 acres in Greene County. The average sales price was $217,636. The average list to sales price was 95.1%. The average days on market was 141 days.

  • Charlottesville – 0 short sale properties sold
  • Albemarle County – 4 short sale properties sold
  • Greene County – 1 short sale property sold
  • Fluvanna County – 3 short sale properties sold
  • Louisa  County – 3 short sale properties sold

Charlottesville Area Short Sale Absorption Trend - April 2014

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

View Recent Greater Charlottesville Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – March 2014
Greater Charlottesville Short Sale Market Report – February 2014

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 2014

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

Copyright © 2014 by Allegra Williams
Charlottesville Area Short Sales | Market Update For April 2014

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