Charlottesville Area Short Sales
Market Update For March 2014
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 $72,000 for a 1,176 square foot, 3 bedroom, 2 bath, fixer upper at Lake Monticello in Fluvanna County to $695,000 for a 3,793 square foot, 4 bedroom, 4 bath, brick colonial with a basement and 2 car garage on 16.28 acres in Western Albemarle County. The average list price of these homes is $244,750. The average days on market is 171 days.
- Charlottesville – 3 short sale properties for sale
- Albemarle County – 16 short sale properties for sale
- Greene County – 5 short sale properties for sale
- Fluvanna County – 13 short sale properties for sale
- Louisa  County – 1 short sale property for sale
A total of 30 Charlottesville area short sale homes are under contract. Short sale listings account for 3.7% 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 $630,500 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 $195,212. The average days on market is 89 days.
- Charlottesville – 1 short sale property under contract
- Albemarle County – 14 short sale properties under contract
- Greene County – 5 short sale properties under contract
- Fluvanna County – 6 short sale properties under contract
- Louisa  County – 4 short sale properties under contract
In March 2014, 8 Charlottesville area short sales sold making up 1.9% of all Charlottesville area home sales. The sales price of these homes range from $63,000 for a 1,000 square foot, 3 bedroom, 1 bath rancher in Louisa County to $600,000 for a 4,343 square foot, 6 bedroom, 5 1/2 bath, cape cod with a basement and 2 car garage in the Glenmore community. The average sales price was $275,388. The average list to sales price was 95.6%. The average days on market was 65 days.
- Charlottesville – 1 short sale property sold
- Albemarle County – 4 short sale properties sold
- Greene County – 1 short sale property sold
- Fluvanna County – 0 short sale properties sold
- Louisa  County – 2 short sale properties sold
Based on the market absorption trend for Greater Charlottesville Short Sales, it’s a balanced market.
View Recent Greater Charlottesville Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – February 2014
Greater Charlottesville Short Sale Market Report – January 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 | March 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 March 2014
