Charlottesville Condos | 2013 First Quarter Review

Charlottesville Condos | 2013 First Quarter Review

24 Charlottesville Condos Sold for $3,754,000 in the First Quarter of 2013
Lowest Sale: $71,000 | Highest Sale: $425,000

  • Total Condo Units Sold: 24
  • Average Sales Price: $156,416
  • Median Sales Price: $123,500
  • Average List to Sales Price: 96.63%
  • Average Days on Market: 76

The Charlottesville condo market experienced a decrease in sales in the first quarter of 2013.
A total of 24 condos sold in the first quarter of 2013 compared to 51 condos in fourth quarter of 2012.

Charlottesville Condo Sales by Price Range - Q1 2013

91.7% of Charlottesville condo sales in the first quarter of 2013 occurred in the below $300,000 price range.
1 short sale sold this quarter.
Distressed property sales made up 4.2% of the Charlottesville condo market in the first quarter of 2013.

Charlottesville Condos Absorption Trend - Q1 2013

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
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 | 2013 First Quarter Review

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