Charlottesville Condos | 2014 Third Quarter Review

Charlottesville Condos | 2014 Third Quarter Review

54 Charlottesville Condos Sold for $12,004,150 in the Third Quarter of 2014
Lowest Sale: $69,500 | Highest Sale: $1,100,000

  • Total Condo Units Sold: 54
  • Average Sales Price: $222,299
  • Median Sales Price: $159,450
  • Average List to Sales Price: 96.10%
  • Average Days on Market: 124

The Charlottesville condo market experienced an increase in sales in the third quarter of 2014.
A total of 54 condos sold in the third quarter of 2014 compared to 48 condos in second quarter of 2014.

Charlottesville Condo Sales by Price Range - Q3 2014

81.5% of Charlottesville condo sales in the third quarter of 2014 occurred in the below $300,000 price range.
2 foreclosures and 3 short sales sold this quarter.
Distressed property sales made up 9.3% of the Charlottesville condo market in the third quarter of 2014.

 Charlottesville Condos Absorption Trend - Q3 2014

Based on the market absorption trend the Charlottesville condo market is in a balanced market.

View Recent Charlottesville Condo Market Reports Here:
Charlottesville Condos | 2014 Second Quarter Review
Charlottesville Condos | 2014 First 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 Third Quarter Review

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