Charlottesville Condos | 2012 Third Quarter Review
61 Charlottesville CondosÂ 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
TheÂ Charlottesville condoÂ market experienced a decrease inÂ 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% ofÂ Charlottesville condoÂ sales in the third quarter of 2012 occurred in the below $300,000 price range.
2 foreclosures and 2Â short salesÂ 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 theÂ Charlottesville condoÂ market is in a buyerâ€™s 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© 2012 by Allegra Williams
Charlottesville Condos |Â 2012 Third Quarter Review