Charlottesville Area Short Sales
Market Update For July 2014
There are currently 43 Charlottesville area short sale properties for sale. Short sale listings make up 2.3% of all homes for sale in the Charlottesville area. They range in price from $65,000 for a 1,176 square foot, 3 bedroom, 2 bath, fixer upper at Lake Monticello in Fluvanna County to $645,000 for a 6,383 square foot, 5 bedroom, 5 1/2 bath, brick front cape cod with a finished basement and 4 car garage in the prestigious Glenmore community. The average list price of these homes is $206,324. The average days on market is 190 days.
- Charlottesville – 5 short sale properties for sale
- Albemarle County – 19 short sale properties for sale
- Greene County – 6 short sale properties for sale
- Fluvanna County – 12 short sale properties for sale
- Louisa  County – 1 short sale property 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 $79,950 for a 783 square foot, 2 bedroom, 1 bath, condo in Albemarle County to $790,000 for a 4,950 square foot, 6 bedroom, 3 bath, post & beam country villa with a 2 car garage on 111 acres in Albemarle County. The average list price of these homes is $206,480. The average days on market is 107 days.
- Charlottesville – 0 short sale properties under contract
- Albemarle County – 15 short sale properties under contract
- Greene County – 6 short sale properties under contract
- Fluvanna County – 8 short sale properties under contract
- Louisa  County – 3 short sale properties under contract
In July 2014, 6 Greater Charlottesville area short sales sold making up 1.4% of all Charlottesville area home sales. The sales price of these homes range from $80,000 for a 1,500 square foot, 2 bedroom, 1 bath cottage with a basement in Greene County to $635,000 for a 4,252 square foot, 5 bedroom, 4 bath, brick georgian with a basement and 2 car garage on 1.39 acres in the upscale neighborhood of Walnut Hills. The average sales price was $216,356. The average list to sales price was 98.1%. The average days on market was 164 days.
- Charlottesville – 0 short sale properties sold
- Albemarle County – 3 short sale properties sold
- Greene County – 2 short sale properties sold
- Fluvanna County – 1 short sale property sold
- Louisa  County – 0 short sale properties sold
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 – June 2014
Greater Charlottesville Short Sale Market Report – May 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 | July 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 | Â Market Update For July 2014
