Charlottesville Condos | 2012 Second Quarter Review

Charlottesville Condos | 2012 Second Quarter Review

67 Charlottesville Condos Sold for $11,627,650 in the Second Quarter of 2012
Lowest Sale: $75,000 | Highest Sale: $849,000

  • Total Condo Units Sold: 67
  • Average Sales Price: $173,547
  • Median Sales Price: $142,000
  • Average List to Sales Price: 95.77%
  • Average Days on Market: 89

The Charlottesville condo market experienced an increase in sales in the second quarter of 2012.
A total of 67 condos sold in the second quarter of 2012 compared to 48 condos in first quarter of 2012.

Charlottesville Condo Sales by Price Range - Q2 2012

92.5% of Charlottesville condo sales in the second quarter of 2012 occurred in the below $300,000 price range.
5 foreclosures and 1 short sale sold this quarter.
Distressed property sales made up 9% of the Charlottesville condo market in the second quarter of 2012.

Charlottesville Condos Absorption Trend - Q2 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:

Featured Condo Listings in Charlottesville

Search ALL Condos For Sale in Charlottesville 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 © 2012 by Allegra Williams
Charlottesville Condos | 2012 Second Quarter Review

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