Charlottesville Condos | 2012 First Quarter Review
This report analyzes condo sales in Charlottesville and Albemarle County.
48 Charlottesville CondosÂ 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 CondoÂ market experienced an increase inÂ sales in the first quarter of 2012. A total of 48 condos sold in the first quarter of 2012 compared to 42 condos inÂ first quarter of 2011.
83.3% of Charlottesville CondoÂ sales in the first quarter of 2012 occurred in the below $300,000 price range.Â 7 foreclosuresÂ and 3 short sales sold this month.Â Distressed property sales made up 20.8% of the Charlottesville condo market in the first quarter of 2012.
Based on the market absorption trend the Charlottesville condo market is in a buyerâ€™s market.
If you are looking to buy or sell aÂ condo in Charlottesville, itâ€™s imperative that you hire a REALTORÂ® who knows the market. If you are considering selling your Charlottesville Condo and you would like a FREE comparative market analysis, give us a callÂ at 434.882.1055 to set up an appointment.Â If you are interested in buying a condo in Charlottesville, start your home search now:
Featured Condo Listings in Charlottesville
Sales information is courtesy of the Charlottesville Area Association of Realtors MLS.
Information is deemed reliable but not guaranteed.
Copyright Â© 2012 by Allegra Williams
Charlottesville Condos |Â 2012 First Quarter Review