Charlottesville Condos | 2014 Second Quarter Review

Charlottesville Condos | 2014 Second Quarter Review

48 Charlottesville Condos Sold for $9,893,700 in the Second Quarter of 2014
Lowest Sale: $81,500 | Highest Sale: $780,000

  • Total Condo Units Sold: 48
  • Average Sales Price: $206,118
  • Median Sales Price: $172,250
  • Average List to Sales Price: 96.64%
  • Average Days on Market: 106

The Charlottesville condo market experienced an increase in sales in the second quarter of 2014.
A total of 48 condos sold in the second quarter of 2014 compared to 24 condos in first quarter of 2014.

Charlottesville Condo Sales by Price Range - Q2 2014

87.5% of Charlottesville condo sales in the second quarter of 2014 occurred in the below $300,000 price range.
1 foreclosure and 1 short sale sold this quarter.
Distressed property sales made up 4.2% of the Charlottesville condo market in the second quarter of 2014.

Charlottesville Condos Absorption Trend - Q2 2014

Based on the market absorption trend the Charlottesville condo market is in a buyer’s market.

View Recent Charlottesville Condo Market Reports Here:
Charlottesville Condos | 2014 First Quarter Review
Charlottesville Condos | 2013 Fourth Quarter Review

Looking to buy or sell a Charlottesville condo? We Can Help!

SELLING: It’s imperative that you hire a Charlottesville Condo Specialist who knows the market. If you are considering selling your condominium in Charlottesville and you would like to know the value in today’s market, you can find out at What’s My Charlottesville Condo Worth or give us a call at 434.882.1055 to schedule a FREE comparative market analysis tailored to your specific home selling needs.

BUYING: If you are interested in 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. We’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

Click Here For a Complete List of Available Condo Listings in Charlottesville:
Condos For Sale in Charlottesville
Condos For Sale in Albemarle County

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 © 2014 by Allegra Williams
Charlottesville Condos | 2014 Second Quarter Review

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