Charlottesville Area Short Sales | Market Update for February 2013

Charlottesville Area Short Sales
Market Update For February 2013

Charlottesville Area Short Sales - Market Update For February 2013

There are currently 62 Charlottesville Area Short Sale properties for sale. Short sale listings make up 3.6% of all Charlottesville Area Homes For Sale. They range in price from $60,000 for a 1,680 square foot, 3 bedroom, 2 bath attached mobile home on 4 acres to $920,000 for a 4,558 square foot, 4 bedroom, 3 1/2 bath brick georgian on 2.5 acres with stunning Blue Ridge Mountain views. The average list price of these homes is $235,039. The average days on market is 137 days.

  • Charlottesville – 9 short sale properties for sale
  • Albemarle County – 14 short sale properties for sale
  • Greene County – 6 short sale properties for sale
  • Fluvanna County – 26 short sale properties for sale
  • Louisa  County – 7 short sale properties for sale

A total of 56 Charlottesville Area Short Sale homes are under contract. Short sale listings account for 8.7% of all homes under contract in the Charlottesville area. The list price of these homes range from $82,000 for a 916 square foot, 3 bedroom, 1 bath ranch home with a 3 car garage on 2.12 acres to $650,000 for a 4,181 square foot, 4 bedroom, 4 1/2 bath rancher with beautiful views on 21 acres in Ivy. The average list price of these homes is $197,074. The average days on market is 167 days.

  • Charlottesville – 1 short sale property under contract
  • Albemarle County – 19 short sale properties under contract
  • Greene County – 9 short sale properties under contract
  • Fluvanna County – 18 short sale properties under contract
  • Louisa  County – 9 short sale properties under contract

In February 2013, 5 Charlottesville Area Short Sales sold making up 1.5% of all Charlottesville Area Home Sales. The sales price of these homes range from $90,000 for a 1,450 square foot, 4 bedroom, 4 bath condo to $223,500 for a 2,509 square foot, 3 bedroom, 3 bath, 1 1/2 story home on a full basement with a 2 car garage in Fluvanna. The average sales price was $146,100. The average list to sales price was 96.4%. The average days on market was 79 days.

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

Charlottesville Area Short Sale Absorption Trend - February 2013

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 – January 2013
Greater Charlottesville Short Sale Market Report – December 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!

Originally Posted at:
Greater Charlottesville Short Sale Market Report | February 2013

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

Copyright © 2013 by Allegra Williams
Greater Charlottesville Short Sale Market Report | February 2013

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