Charlottesville Condos | 2012 Fourth Quarter Review

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.

Charlottesville Condo Sales by Price Range - Q4 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.

Charlottesville Condos Absorption Trend - Q4 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:

Featured Condo Listings in Charlottesville

Search ALL Condos For Sale in Charlottesville Here
Search ALL Condos For Sale in Albemarle County Here

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 | 2012 Fourth Quarter Review

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