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.
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.
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:
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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 © 2012 by Allegra Williams
Charlottesville Condos |Â 2012 Third Quarter Review
