Charlottesville Condos | 2012 Fourth Quarter Review
51 Charlottesville Condos Sold for $9,057,800 in the Fourth Quarter of 2012
Lowest Sale: $50,500 | Highest Sale: $940,000
- Total Condo Units Sold: 51
- Average Sales Price: $177,603
- Median Sales Price: $123,000
- Average List to Sales Price: 95.81%
- Average Days on Market: 126
The Charlottesville condo market experienced a decrease in sales in the fourth quarter of 2012.
A total of 51 condos sold in the fourth quarter of 2012 compared to 61 condos in third quarter of 2012.
84.3% of Charlottesville condo sales in the fourth quarter of 2012 occurred in the below $300,000 price range.
6 foreclosures and 2 short sales sold this quarter.
Distressed property sales made up 15.7% of the Charlottesville condo market in the fourth quarter of 2012.
Based on the market absorption trend the Charlottesville condo market is in a balanced 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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This report analyzes condo sales in Charlottesville and Albemarle County.
 Sales information is courtesy of the Charlottesville Area Association of Realtors MLS.
Information is deemed reliable but not guaranteed.
Copyright © 2013 by Allegra Williams
Charlottesville Condos |Â 2012 Fourth Quarter Review
