Charlottesville Area Short Sales
Market Update March 2015
There are currently 26 Charlottesville area short sale properties for sale. Short sale listings make up 1.5% of all Charlottesville area homes for sale. They range in price from $69,000 for a 976 square foot, 1 bedroom, 1 bath chalet on 3.3 acres in Greene County 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 $202,056. The average days on market is 238 days.
- Charlottesville – 1 short sale property for sale
- Albemarle County – 10 short sale properties for sale
- Greene County – 2 short sale properties for sale
- Fluvanna County – 13 short sale properties for sale
- Louisa  County – 0 short sale properties for sale
A total of 25 Charlottesville area short sale homes are under contract. Short sale listings account for 2.6% 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 $370,000 for a 2,885 square foot, 4 bedroom, 3 1/2 bath, colonial with a basement and 2 car garage in Albemarle County. The average list price of these homes is $178,076. The average days on market is 162 days.
- Charlottesville – 1 short sale property under contract
- Albemarle County – 11 short sale properties under contract
- Greene County – 3 short sale properties under contract
- Fluvanna County – 7 short sale properties under contract
- Louisa  County – 3 short sale properties under contract
In March 2015, 7 Charlottesville area short sales sold making up 3.4% of all Charlottesville area home sales. The sales price of these homes range from $75,000 for a 960 square foot, 3 bedroom, 1 bath ranch style home on 2.31 acres in Albemarle County to $330,000 for a 2,661 square foot, 4 bedroom, 2 1/2 bath, contemporary with a basement and detached 2 car garage in Crozet, VA. The average sales price was $193,928. The average list to sales price was 95.9%. The average days on market was 143 days.
- Charlottesville – 0 short sale properties sold
- Albemarle County – 5 short sale properties sold
- Greene County – 1 short sale property sold
- Fluvanna County – 1 short sale property sold
- Louisa  County – 0 short sale properties sold
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 – February 2015
Greater Charlottesville Short Sale Market Report – January 2015
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 | March 2015
Sales information is courtesy of the Charlottesville Area Association of Realtors MLS.
Information is deemed reliable but not guaranteed.
