2014 Fourth Quarter Review
37 Charlottesville CondosÂ Sold for $7,675,605 in the Fourth Quarter of 2014
Lowest Sale: $67,000 | Highest Sale: $900,000
- Total Condo Units Sold: 37
- Average Sales Price: $207,448
- Median Sales Price: $140,000
- Average List to Sales Price: 93.5%
- Average Days on Market: 125
TheÂ Charlottesville condoÂ market experienced a decrease inÂ sales in the fourth quarter of 2014.Â A total of 37 condos sold in the fourth quarter of 2014 compared to 54 condos in third quarter of 2014.
83.8% ofÂ Charlottesville condoÂ sales in the fourth quarter of 2014 occurred in theÂ below $300,000 price range.Â 2 foreclosures and 1Â short saleÂ sold this quarter.Â Distressed property sales made up 8.1% of the Charlottesville condo market in the fourth quarter of 2014.
Based on the market absorption trend theÂ Charlottesville condo
marketÂ is in a buyer’s market.
View Recent Charlottesville Condo Market Reports Here:
Charlottesville Condos | 2014 Third Quarter Review
Charlottesville Condos | 2014 Second Quarter Review
Looking toÂ buy or sell a Charlottesville condo? We Can Help!
SELLING:Â Itâ€™s imperative that you hire aÂ Charlottesville Condo SpecialistÂ who knows the market. If you are considering selling your condominium in Charlottesville and you would like to know the value in todayâ€™s market, you can find out atÂ Whatâ€™s My Charlottesville Condo WorthÂ orÂ give us a call at 434.882.1055 to schedule a FREE comparative market analysis tailored to your specific home selling needs.
BUYING:Â If you are interested inÂ buying a condominium in Charlottesville, let us guide you through the condo buying process. Contact us at 434.882.1055 to discuss your home search criteria. Weâ€™ll set up a custom search based on your real estate needs and email you all Charlottesville MLS listings that meet your search criteria as they come on the market. Start your Charlottesville home search now by previewing condos for sale in Charlottesville below:
Featured Condo Listings in Charlottesville
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© 2015 by Allegra Williams
Charlottesville Condos |Â 2014 Fourth Quarter Review