Charlottesville Area Short Sales | Market Update For November 2012

Charlottesville Area Short Sales
Market Update For November 2012

 Charlottesville Area Short Sales - Market Update For November 2012

There are currently 63 Charlottesville Area Short Sale properties for sale. Short sale listings make up 4.3% of all Charlottesville Area Homes For Sale. They range in price from $60,000 for a 1,680 square foot, 3 bedroom, 2 bath attached mobile home on 4 acres to $789,000 for a 4,121 square foot, 4 bedroom, 4 bath brick front colonial on 9.82 acres with year round Blue Ridge Mountain views. The average list price of these homes is $213,476. The average days on market is 175 days.

  • Charlottesville – 7 short sale properties for sale
  • Albemarle County – 16 short sale properties for sale
  • Greene County – 4 short sale properties for sale
  • Fluvanna County – 26 short sale properties for sale
  • Louisa  County – 10 short sale properties for sale

A total of 47 Charlottesville Area Short Sale homes are under contract. Short sale listings account for 10.5% of all homes under contract in the Charlottesville area. The list price of these homes range from $80,000 for a 1,044 square foot, 2 bedroom, 1 1/2 bath ranch home at Lake Monticello in Fluvanna County to $650,000 for a 4,181 square foot, 4 bedroom, 4 1/2 bath rancher with beautiful views on 21 acres in Ivy. The average list price of these homes is $182,926. The average days on market is 166 days.

  • Charlottesville – 3 short sale properties under contract
  • Albemarle County – 14 short sale properties under contract
  • Greene County – 9 short sale properties under contract
  • Fluvanna County – 18 short sale properties under contract
  • Louisa  County – 3 short sale properties under contract

In November 2012, 6 Charlottesville Area Short Sales sold making up 2% of all Charlottesville Area Home Sales. The sales price of these homes range from $145,000 for a 1,700 square  foot, 3 bedroom, 2 1/2 bath colonial at Lake Monticello in Fluvanna County to $350,000 for a 2,592 square foot, 3 bedroom, 2 1/2 bath cape cod in Fluvanna County on 12 private acres. The average sales price was $228,867. The average list to sales price was 94.5%. The average days on market was 128 days.

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

Charlottesville Area Short Sale Absorption Trend - November 2012

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

View Recent Charlottesville Area Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – October 2012
Greater Charlottesville Short Sale Market Report – September 2012

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 | November 2012 

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 November 2012

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