Charlottesville Condos | 2012 First Quarter Review

Charlottesville Condos | 2012 First Quarter Review

This report analyzes condo sales in Charlottesville and Albemarle County.

48 Charlottesville Condos Sold for $8,441,850 in the First Quarter of 2012
Lowest Sale: $41,500 | Highest Sale: $490,000

  • Total Home Units Sold: 48
  • Average Sales Price: $175,871
  • Median Sales Price: $143,700
  • Average List to Sales Price: 96.83%
  • Average Days on Market: 148

The Charlottesville Condo market experienced an increase in sales in the first quarter of 2012. A total of 48 condos sold in the first quarter of 2012 compared to 42 condos in first quarter of 2011.

Charlottesville Condo Sales by Price Range - Q1 2012

83.3% of Charlottesville Condo sales in the first quarter of 2012 occurred in the below $300,000 price range. 7 foreclosures and 3 short sales sold this month. Distressed property sales made up 20.8% of the Charlottesville condo market in the first quarter of 2012.

Charlottesville Condos Absorption Trend - Q1 2012

Based on the market absorption trend the Charlottesville condo market is in a buyer’s market.

If you are looking to buy or sell a condo in Charlottesville, it’s imperative that you hire a REALTOR® who knows the market. If you are considering selling your Charlottesville Condo and you would like a FREE comparative market analysis, give us a call at 434.882.1055 to set up an appointment. If you are interested in buying a condo in Charlottesville, start your home search now:

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

Copyright © 2012 by Allegra Williams
Charlottesville Condos | 2012 First Quarter Review

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