Charlottesville Area Short Sales | Market Update For January 2014

Charlottesville Area Short Sales
Market Update For January 2014

Charlottesville Area Short Sale Market Report - January 2014

There are currently 36 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 $79,900 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 $241,893. The average days on market is 163 days.

  • Charlottesville – 1 short sale property for sale
  • Albemarle County – 13 short sale properties for sale
  • Greene County – 7 short sale properties for sale
  • Fluvanna County – 11 short sale properties for sale
  • Louisa  County – 4 short sale properties for sale

A total of 44 Charlottesville area short sale homes are under contract. Short sale listings account for 6.7% of all homes under contract in the Charlottesville area. The list price of these homes range from $69,900 for a 1,000 square foot, 3 bedroom, 1 bath, ranch style house on 5.8 acres in Louisa 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 $214,044. The average days on market is 121 days.

  • Charlottesville – 3 short sale properties under contract
  • Albemarle County – 18 short sale properties under contract
  • Greene County – 6 short sale properties under contract
  • Fluvanna County – 9 short sale properties under contract
  • Louisa  County – 8 short sale properties under contract

In January 2014, 6 Charlottesville area short sales sold making up 3.8% of all Charlottesville area home sales. The sales price of these homes range from $149,000 for a 1,056 square foot, 2 bedroom, 2 bath rancher with a 1 car garage on 3.04 acres in Greene County to $300,000 for a 2,624 square foot, 4 bedroom, 3 bath, colonial with a basement and 2 car garage on 2 acres in Ruckersville, VA. The average sales price of these homes is $197,400. The average list to sales price is 97.1%. The average days on market is 324 days.

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

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

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