Charlottesville Condos | 2012 Third Quarter Review

Charlottesville Condos | 2012 Third Quarter Review

61 Charlottesville Condos Sold for $10,843,200 in the Third Quarter of 2012
Lowest Sale: $80,000 | Highest Sale: $605,000

  • Total Condo Units Sold: 61
  • Average Sales Price: $177,757
  • Median Sales Price: $148,000
  • Average List to Sales Price: 95.35%
  • Average Days on Market: 77

The Charlottesville condo market experienced a decrease in sales in the third quarter of 2012.
A total of 61 condos sold in the third quarter of 2012 compared to 67 condos in second quarter of 2012.

Charlottesville Condo Sales by Price Range - Q3 2012

93.4% of Charlottesville condo sales in the third quarter of 2012 occurred in the below $300,000 price range.
2 foreclosures and 2 short sales sold this quarter.
Distressed property sales made up 6.6% of the Charlottesville condo market in the third quarter of 2012.

Charlottesville Condos Absorption Trend - Q3 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 Third Quarter Review

Leave a Comment

Your email address will not be published. Required fields are marked *