Charlottesville Area Short Sale Market Report - February 2014

Charlottesville Area Short Sales | Market Update For February 2014

Charlottesville Area Short Sales
Market Update For February 2014

Charlottesville Area Short Sale Market Report - February 2014

There are currently 38 Charlottesville area short sale properties for sale. Short sale listings make up 2.2% 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 $725,000 for a 6,383 square foot, 5 bedroom, 5 1/2 bath, cape cod with a finished basement and 4 car garage in the Glenmore community. The average list price of these homes is $245,886. The average days on market is 181 days.

  • Charlottesville – 2 short sale properties for sale
  • Albemarle County – 14 short sale properties for sale
  • Greene County – 8 short sale properties for sale
  • Fluvanna County – 12 short sale properties for sale
  • Louisa  County – 2 short sale properties for sale

A total of 36 Charlottesville area short sale homes are under contract. Short sale listings account for 4.7% of all homes under contract in the Charlottesville area. The list price of these homes range from $70,000 for a 2,112 square foot, 3 bedroom, 2 1/2 bath, ranch style house with a workshop on 2.08 acres in Fluvanna to $685,500 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 $196,793. The average days on market is 112 days.

  • Charlottesville – 2 short sale properties under contract
  • Albemarle County – 17 short sale properties under contract
  • Greene County – 2 short sale properties under contract
  • Fluvanna County – 8 short sale properties under contract
  • Louisa  County – 7 short sale properties under contract

In February 2014, 5 Charlottesville area short sales sold making up 1.2% of all Charlottesville area home sales. The sales price of these homes range from $53,000 for a 1,092 square foot, 2 bedroom, 1 bath rancher in Louisa County to $147,000 for a 715 square foot, 1 bedroom, 1 bath, condo in Walker Square in Charlottesville. The average sales price was $111,800. The average list to sales price was 94.9%. The average days on market was 152 days.

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

Charlottesville Area Short Sale Absorption Trend - February 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 – January 2014
Greater Charlottesville Short Sale Market Report – December 2013

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 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
Greater Charlottesville Short Sale Market Report | February 2014

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