Charlottesville Area Short Sales | Market Update For October 2013

Charlottesville Area Short Sales
Market Update For October 2013

Charlottesville Area Short Sale Market Report - October 2013

 There are currently 31 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 $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 $233,879. The average days on market is 201 days.

  • Charlottesville – 1 short sale property 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 – 5 short sale properties for sale

A total of 43 Charlottesville area short sale homes are under contract. Short sale listings account for 9% of all homes under contract in the Charlottesville area. The list price of these homes range from $59,900 for a 1,092 square foot, 2 bedroom, 1 bath, ranch style house in Blue Ridge Shores in Louisa to $649,000 for a 4,343 square foot, 6 bedroom, 5 1/2 bath, farmhouse with a basement and 2 car garage in the Glenmore neighborhood. The average list price of these homes is $211,833. The average days on market is 99 days.

  • Charlottesville – 4 short sale properties under contract
  • Albemarle County – 14 short sale properties under contract
  • Greene County – 8 short sale properties under contract
  • Fluvanna County – 9 short sale properties under contract
  • Louisa  County – 8 short sale properties under contract

In October 2013, 8 Charlottesville area short sales sold making up 3.9% of all Charlottesville area home sales. The sales price of these homes range from $90,500 for a 1,428 square foot, 3 bedroom, 1 1/2 bath townhouse to $365,000 for a 2,416 square foot, 4 bedroom, 2 1/2 bath, colonial with a 2 car garage in Forest Lakes South. The average sales price was $211,638. The average list to sales price was 94.3%. The average days on market was 128 days.

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

Charlottesville Area Short Sale Absorption Trend - October 2013

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

View Recent Greater Charlottesville Short Sale Market Reports Here:
Greater Charlottesville Short Sale Market Report – September 2013
Greater Charlottesville Short Sale Market Report – August 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 | October 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 October 2013

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