Charlottesville Area Short Sales | Market Update For November 2013

Charlottesville Area Short Sales
Market Update For November 2013

Charlottesville Area Short Sale Market Report - November 2013

There are currently 36 Charlottesville area short sale properties for sale. Short sale listings make up 2.3% of all Charlottesville area homes for sale. They range in price from $79,900 for a 1,176 square foot, 3 bedroom, 2 bath, fixer upper at Lake Monticello in Fluvanna County to $785,000 for a 6,383 square foot, 5 bedroom, 5 1/2 bath, cape cod with a finished basement and 4 car garage in the Glenmore community. The average list price of these homes is $232,076. The average days on market is 186 days.

  • Charlottesville – 1 short sale property for sale
  • Albemarle County – 12 short sale properties for sale
  • Greene County – 7 short sale properties for sale
  • Fluvanna County – 11 short sale properties for sale
  • Louisa  County – 5 short sale properties for sale

A total of 41 Charlottesville area short sale homes are under contract. Short sale listings account for 6.8% of all homes under contract in the Charlottesville area. The list price of these homes range from $69,900 for a 1,000 square foot, 3 bedroom, 1 bath, ranch style house on 5.8 acres in Louisa to $685,500 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 $211,145. The average days on market is 97 days.

  • Charlottesville – 4 short sale properties under contract
  • Albemarle County – 16 short sale properties under contract
  • Greene County – 6 short sale properties under contract
  • Fluvanna County – 8 short sale properties under contract
  • Louisa  County – 7 short sale properties under contract

In November 2013, 4 Charlottesville area short sales sold making up 2.4% of all Charlottesville area home sales. The sales price of these homes range from $125,000 for a 1,344 square foot, 3 bedroom, 2 bath rancher in Fluvanna County to $208,000 for a 1,564 square foot, 3 bedroom, 2 1/2 bath townhouse. The average sales price was $154,250. The average list to sales price was 97.7%. The average days on market was 119 days.

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

Charlottesville Area Short Sale Absorption Trend - November 2013

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 – October 2013
Greater Charlottesville Short Sale Market Report – September 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 | November 2013

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 November 2013

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