Charlottesville Condos | 2012 Fourth Quarter Review
51 Charlottesville CondosÂ 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
TheÂ Charlottesville condoÂ market experienced a decrease inÂ 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% ofÂ Charlottesville condoÂ sales in the fourth quarter of 2012 occurred in the below $300,000 price range.
6 foreclosures and 2Â short salesÂ 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 theÂ Charlottesville condoÂ market is in a balanced market.
If you are looking toÂ buy or sell aÂ condo in Charlottesville,Â itâ€™s imperative that you hire a REALTORÂ® who knows the market. If you are considering selling yourÂ Charlottesville CondoÂ 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 aÂ condo in Charlottesville, start your home search now:
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This report analyzes condo sales in Charlottesville and Albemarle County.
Â Sales information is courtesy of the Charlottesville Area Association of Realtors MLS.
Information is deemed reliable but not guaranteed.
Copyright Â© 2013 by Allegra Williams
Charlottesville Condos |Â 2012 Fourth Quarter Review