Greater Charlottesville Short Sale Market Report | September 2011

Greater Charlottesville Short Sale Market Report
Update on Short Sale Homes For Sale September 2011

Greater Charlottesville Short Sale Market Report September 2011

There are currently 95 Greater Charlottesville Short Sale properties for sale. Short sale listings make up 4% of all Charlottesville Area Homes For Sale. They range in price from $79,000 for a 1,450 square foot, 4 bedroom, 4 bath condo to $1,840,000 for a 6,469 square foot, 5 bedroom, 6 1/2  bath colonial on 21 acres. The average list price of these homes is  $247,975. The average days on market is 142 days.

  • Charlottesville – 11 short sale properties for sale
  • Albemarle County – 39 short sale sale properties for sale
  • Greene County – 13 short sale properties for sale
  • Fluvanna County – 22 short sale properties for sale
  • Louisa  County – 10 short sale properties for sale

A total of 51 Greater Charlottesville Short Sale homes are under contract. Short sale listings account for 11.5% of all homes under contract in the Charlottesville area. The  list price of these homes range from $64,000 for a 900 square foot, 2  bedroom, 1 bath bungalow to $849,000 for a 4,262 square foot, 5  bedroom, 3 1/2 bath victorian farmhouse on 7 acres. The average list price of these homes is $221,240. The average days on market is 114.5 days.

  • Charlottesville – 5 short sale properties under contract
  • Albemarle County – 26 short sale sale properties under contract
  • Greene County – 7 short sale properties under contract
  • Fluvanna County – 10 short sale properties under contract
  • Louisa  County – 3 short sale properties under contract

In September 2011 only 7 Greater Charlottesville Short Sales sold, making up 4.3% of all Charlottesville Area Home Sales. The sales price of these homes range from $101,000 for a 1,200 square  foot, 2 bedroom, 1 bath cabin in need of TLC to $269,900 for a 2,666 square  foot, 4 bedroom, 2 1/2 bath colonial. The average sales price was $165,700. The average list to sales price was 96%. The average days on market was 117 days.

  • Charlottesville – 2 short sale properties sold
  • Albemarle County – 2 short sale sale properties sold
  • Greene County – 1 short sale properties sold
  • Fluvanna County – 0 short sale properties sold
  • Louisa  County – 2 short sale properties sold
Greater Charlottesville Short Sale Absorption Trend

Based on the market absorption trend for Greater Charlottesville Short Sales, it’s a buyer’s market.

If you are thinking about buying a short sale or selling your selling your Charlottesville home and you anticipate a short sale, contact us for a FREE, no obligation, confidential consultation to evaluate your options. Don’t wait, get the help you need before it’s too late!

Sales information is courtesy of the Charlottesville Area Association of Realtors MLS.
Information is deemed reliable but not guaranteed.

Originally posted at http://www.charlottesvilleshortsaleagent.com/charlottesville-area-short-sale-market-report-september-2011/

Copyright © 2011 by Allegra Williams
Greater Charlottesville Short Sale Market Report | September 2011

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