Charlottesville Area Short Sales | Market Update For June 2014

Charlottesville Area Short Sales
Market Update For June 2014

Charlottesville Area Short Sale Market Report - June 2014

There are currently 42 Charlottesville area short sale properties for sale. Short sale listings make up 2.2% 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 $203,960. The average days on market is 187 days.

  • Charlottesville – 5 short sale properties for sale
  • Albemarle County – 16 short sale properties for sale
  • Greene County – 7 short sale properties for sale
  • Fluvanna County – 13 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 4.7% 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 $218,376. The average days on market is 118 days.

  • Charlottesville – 0 short sale properties under contract
  • Albemarle County – 17 short sale properties under contract
  • Greene County – 5 short sale properties under contract
  • Fluvanna County – 7 short sale properties under contract
  • Louisa  County – 3 short sale properties under contract

In June 2014, 3 Charlottesville area short sales sold making up .68% of all Charlottesville area home sales. The sales price of these homes range from $115,000 for a 950 square foot, 2 bedroom, 2 bath condo in Albemarle County to $355,000 for a 3,578 square foot, 4 bedroom, 2 full & 2 half bath, brick front colonial with a 2 car garage on 2.26 acres in Forest View in Louisa. The average sales price was $208,333. The average list to sales price was 97.6%. The average days on market was 51 days.

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

Charlottesville Area Short Sale Absorption Trend - June 2014

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 – May 2014
Greater Charlottesville Short Sale Market Report – April 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 | June 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 Report For June 2014

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