Charlottesville Area Short Sales | Market Update For May 2013

Charlottesville Area Short Sales
Market Update For May 2013

Charlottesville Area Short Sale Market Report - May 2013

There are currently 49 Charlottesville Area Short Sale properties for sale. Short sale listings make up 2.7% of all Charlottesville Area Homes For Sale. They range in price from $79,900 for a 1,620 square foot, 3 bedroom, 2 bath doublewide on a permanent foundation on 3 acres in Louisa County to $1.075,000 for a 7,279 square foot, 5 bedroom, 3 full & 2 half bath, brick colonial on 2.08 acres offering a pool and guest house. The average list price of these homes is $224,467. The average days on market is 156 days.

  • Charlottesville – 6 short sale properties for sale
  • Albemarle County – 7 short sale properties for sale
  • Greene County – 9 short sale properties for sale
  • Fluvanna County – 23 short sale properties for sale
  • Louisa  County – 4 short sale properties for sale

A total of 54 Charlottesville Area Short Sale homes are under contract. Short sale listings account for 6.4% of all homes under contract in the Charlottesville area. The list price of these homes range from $75,000 for a 1,110 square foot, 3 bedroom, 1 bath cottage on 3.95 acres to $879,500 for a 4,558 square foot, 4 bedroom, 3 1/2 bath immaculate brick georgian on 2.5 acres offering stunning Blue Ridge Mountain views. The average list price of these homes is $255,067. The average days on market is 149 days.

  • Charlottesville – 5 short sale properties under contract
  • Albemarle County – 22 short sale properties under contract
  • Greene County – 6 short sale properties under contract
  • Fluvanna County – 14 short sale properties under contract
  • Louisa  County – 7 short sale properties under contract

In May 2013, 10 Charlottesville Area Short Sales sold making up 2.9% of all Charlottesville Area Home Sales. The sales price of these homes range from $85,000 for a 1,122 square foot, 3 bedroom, 2 bath rancher in Louisa County to $300,000 for a 4,000 square foot, 4 bedroom, 2 1/2 bath, one level cape cod on 32.55 acres. The average sales price was $183,112. The average list to sales price was 100.4%. The average days on market was 106 days.

  • Charlottesville – 0 short sale properties sold
  • Albemarle County – 4 short sale properties sold
  • Greene County – 2 short sale properties sold
  • Fluvanna County – 1 short sale property sold
  • Louisa  County – 3 short sale properties sold

Charlottesville Area Short Sale Absorption Trend - May 2013

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

View Recent Charlottesville Area Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – April 2013
Greater Charlottesville Short Sale Market Report – March 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 | May 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
Greater Charlottesville Short Sale Market Report | May 2013

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