Charlottesville Area Short Sales | Market Update For July 2013

Charlottesville Area Short Sales
Market Update For July 2013

Charlottesville Area Short Sale Market Report - July 2013

There are currently 38 Charlottesville area short sale properties for sale. Short sale listings make up 2.1% of all Charlottesville area homes for sale. They range in price from $59,900 for a 1,092 square foot, 2 bedroom, 1 bath rancher in Blue Ridge Shores in Louisa County to $1,075,000 for a 7,279 square foot, 5 bedroom, 3 full & 2 half bath, brick colonial with a basement and 3 car garage on 2.08 acres. The average list price of these homes is $232,214. The average days on market is 132 days.

  • Charlottesville – 2 short sale properties for sale
  • Albemarle County – 9 short sale properties for sale
  • Greene County – 8 short sale properties for sale
  • Fluvanna County – 11 short sale properties for sale
  • Louisa  County – 8 short sale properties for sale

A total of 45 Charlottesville area short sale homes are under contract. Short sale listings account for 8.5% of all homes under contract in the Charlottesville area. The list price of these homes range from $59,900 for a 1,512 square foot, 4 bedroom, 2 bath colonial on 4 acres in Fluvanna County to $785,000 for a 6,383 square foot, 5 bedroom, 5 1/2 bath, cape cod with a basement and 4 car garage on a cul-de-sac in the Glenmore neighborhood. The average list price of these homes is $211,256. The average days on market is 132 days.

  • Charlottesville – 4 short sale properties under contract
  • Albemarle County – 15 short sale properties under contract
  • Greene County – 5 short sale properties under contract
  • Fluvanna County – 17 short sale properties under contract
  • Louisa  County – 4 short sale properties under contract

In July 2013, 8 Greater Charlottesville area short sales sold making up 2.6% of all Charlottesville area home sales. The sales price of these homes range from $68,000 for a 1,110 square foot, 3 bedroom, 1 bath cottage on 3.95 acres in Fluvanna County to $675,000 for a 4,869 square foot, 4 bedroom, 4 1/2 bath, brick manor house with a basement and 3 car garage on 6.95 acres. The average sales price was $220,438. The average list to sales price was 96.9%. The average days on market was 169 days.

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

Charlottesville Area Short Sale Absorption Trend - July 2013

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

View Recent Charlottesville Area Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – June 2013
Greater Charlottesville Short Sale Market Report – May 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 | July 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
Charlottesville Area Short Sales | Market Update For July 2013

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