Charlottesville Area Short Sales | Market Update For October 2014

Charlottesville Area Short Sales
Market Update For October 2014

Charlottesville Area Short Sale Market Report - October 2014

There are currently 45 Charlottesville area short sale properties for sale. Short sale listings make up 2.7% of all homes for sale in the Charlottesville area. They range in price from $53,000 for a 1,176 square foot, 3 bedroom, 2 bath, fixer upper at Lake Monticello in Fluvanna County to $670,000 for a 6,924 square foot, 4 bedroom, 4 1/2 bath, rustic contemporary with a finished basement and 4 car garage on 8.54 acres in Albemarle County. The average list price of these homes is $208,297. The average days on market is 189 days.

  • Charlottesville – 2 short sale properties for sale
  • Albemarle County – 21 short sale properties for sale
  • Greene County – 7 short sale properties for sale
  • Fluvanna County – 13 short sale properties for sale
  • Louisa  County – 2 short sale properties for sale

A total of 27 Charlottesville area short sale homes are under contract. Short sale listings account for 4.7% 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 $790,000 for a 4,950 square foot, 6 bedroom, 3 bath, post & beam country villa with a 2 car garage on 111 acres in Albemarle County. The average list price of these homes is $207,199. The average days on market is 124 days.

  • Charlottesville – 3 short sale properties under contract
  • Albemarle County – 11 short sale properties under contract
  • Greene County – 2 short sale properties under contract
  • Fluvanna County – 8 short sale properties under contract
  • Louisa  County – 3 short sale properties under contract

In October 2014, 9 Charlottesville area short sales sold making up 3.9% of all Charlottesville area home sales. The sales price of these homes range from $81,000 for a 1,232 square foot, 3 bedroom, 2 bath townhouse in the City of Charlottesville to $245,375 for a 1,976 square foot, 4 bedroom, 2 1/2 bath, brick colonial in Albemarle County. The average sales price was $184,975. The average list to sales price was 98%. The average days on market was 167 days.

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

Charlottesville Area Short Sale Absorption Trend - October 2014

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

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

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 2014

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