Charlottesville Area Short Sales | Market Update For December 2014

Charlottesville Area Short Sales
Market Update For December 2014

Charlottesville Area Short Sale Market Report - December 2014There are currently 22 Charlottesville area short sale properties for sale. Short sale listings make up 1.5% of all Charlottesville area homes for sale. They range in price from $72,500 for a 976 square foot, 1 bedroom, 1 bath chalet on 3.3 acres in Greene County 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 $231,210. The average days on market is 242 days.

  • Charlottesville – 2 short sale properties for sale
  • Albemarle County – 8 short sale properties for sale
  • Greene County – 3 short sale properties for sale
  • Fluvanna County – 9 short sale properties for sale
  • Louisa  County – 0 short sale properties for sale

A total of 32 Charlottesville area short sale homes are under contract. Short sale listings account for 5% of all homes under contract in the Charlottesville area. The list price of these homes range from $69,900 for a 1,352 square foot, 4 bedroom, 1 1/2 bath townhome in the City of Charlottesville to $439,000 for a 5,412 square foot, 5 bedroom, 3 1/2 bath, manor house with an in-ground pool on 2.47 acres in Fluvanna County. The average list price of these homes is $188,446. The average days on market is 165 days.

  • Charlottesville – 1 short sale property under contract
  • Albemarle County – 14 short sale properties under contract
  • Greene County – 4 short sale properties under contract
  • Fluvanna County – 10 short sale properties under contract
  • Louisa  County – 3 short sale properties under contract

In December 2014, 8 Charlottesville area short sales sold making up 3.7% of all Charlottesville area home sales. The sales price of these homes range from $80,000 for a 2,052 square foot, 3 bedroom, 2 bath modular home on 1.17 acres in Louisa County to $720,000 for a 4,950 square foot, 6 bedroom, 3 bath, oak post & beam country villa with a 2 car garage on 111 acres in the beautiful countryside of Albemarle County. The average sales price was $212,512. The average list to sales price was 92.4%. The average days on market was 117 days.

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

Charlottesville Area Short Sale Absorption Trend - December 2014

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

View Recent Greater Charlottesville Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – November 2014
Greater Charlottesville Short Sale Market Report – October 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 | December 2014

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

Copyright © 2015 by Allegra Williams
Charlottesville Area Short Sales | Market Update For December 2014

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