Charlottesville Area Short Sales | Market Update For November 2014

Charlottesville Area Short Sales
Market Update For November 2014

Charlottesville Area Short Sale Market Report - November 2014

There are currently 27 Charlottesville area short sale properties for sale. Short sale listings make up 1.8% of all homes for sale in the Charlottesville area. They range in price from $74,000 for a 783 square foot, 2 bedroom, 1 bath condo to $700,000 for a 4,181 square foot, 4 bedroom, 4 1/2 bath, rancher with a basement and 2 car garage on 21 acres in scenic Ivy. The average list price of these homes is $214,738. The average days on market is 230 days.

  • Charlottesville – 2 short sale properties for sale
  • Albemarle County – 10 short sale properties for sale
  • Greene County – 4 short sale properties for sale
  • Fluvanna County – 11 short sale properties for sale
  • Louisa  County – 0 short sale properties for sale

A total of 29 Charlottesville area short sale homes are under contract. Short sale listings account for 4.9% of all homes under contract in the Charlottesville area. The list price of these homes range from $69,900 for a 1,352 square foot, 4 bedroom, 1 1/2 bath townhome in the City of Charlottesville to $439,000 for a 5,412 square foot, 5 bedroom, 3 1/2 bath, manor house with an in-ground pool on 2.47 acres in Fluvanna County. The average list price of these homes is $191,503. The average days on market is 152 days.

  • Charlottesville – 1 short sale property under contract
  • Albemarle County – 13 short sale properties under contract
  • Greene County – 3 short sale properties under contract
  • Fluvanna County – 9 short sale properties under contract
  • Louisa  County – 3 short sale properties under contract

In November 2014, 5 Charlottesville area short sales sold making up 2.5% of all Charlottesville area home sales. The sales price of these homes range from $88,000 for a 1,008 square foot, 3 bedroom, 1 bath ranch style home on 2.09 acres in Albemarle County to $504,000 for a 6,383 square foot, 5 bedroom, 6 bath, brick front cape cod with a finished basement and 4 car garage in the prestigious Glenmore community. The average sales price was $205,900. The average list to sales price was 81.3%. The average days on market was 429 days.

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

Charlottesville Area Short Sale Absorption Trend - November 2014

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

View Recent Greater Charlottesville Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – October 2014
Greater Charlottesville Short Sale Market Report – September 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 | November 2014

Sales information is courtesy of the Charlottesville Area Association of Realtors MLS.
Information is deemed reliable but not guaranteed.

Copyright © 2015 by Allegra Williams
Charlottesville Area Short Sales | Market Update For November 2014

Leave a Comment

Your email address will not be published.