Charlottesville, Virginia

We’re glad to provide details for you about foreclosures and short sales from our Charlottesville area in central Virginia. Bear in mind that the actual size of Charlottesville is only 10 sq. miles although it ‘feels’ much larger because many of its neighborhoods are technically in the county of Albemarle.

Our first chart gives you an overview of the market listings and home sales for Charlottesville, Virginia, at the end of the first quarter 2011.

There were a total of 360 residential properties on the market at the end of March 2011 in Charlottesville. Twenty-two (6.11%) of them were identified as either foreclosures or short sales (jointly called 'distressed properties'). The next 4 charts show you the detailed statistics for detached (single family) homes, and for attached (townhome) homes. One group is Lender-Owned (REO refers to Real Estate Owned) and the other group is for Short Sales. A Short Sale occurs when the seller owes more money than the sale can produce.

There were 19,105 households listed in the city of Charlottesville as of the previous 2009 census report, and that is the statistic we've used for the comparisons below for Total Households.

Summary of Incidents of Distressed Property	Short Sales	Lender/REO
LISTINGS ACTIVE OR UNDER CONTRACT, LENDER OWNED OR SHORT SALE, CURRENTLY IN THE CHARLOTTESVILLE MLS	2.82%	2.59%
% OF ALL COUNTY HOUSEHOLDS SOLD AS FORECLOSURE OR SHORT SALE IN 2010	0.005%	0.047%
% OF ALL COUNTY HOUSEHOLDS CURRENTLY FOR-SALE OR UNDER CONTRACT	0.63%	0.058%

If you are thinking about moving to Charlottesville, there are a few things that you probably want to research such as the Real Estate Taxes and Demographics. If you have school age children then you will probably want to learn more about the Charlottesville Schools. See links below.

In case you are visiting the area, there are many things to do and see! For the historical sites, Monticello, Ash Lawn Highland and Michie Tavern are some of the favorites.

For entertainment there is always something happening at The Paramount Theatre, The Charlottesville Pavillion or the John Paul Jones Arena at the University of Virginia.

Charlottesville Schools
Real Estate Taxes
Demographics

Places to visit and things to do:

Ash Lawn-Highland
Monticello
Montpelier
Virginia Discovery Museum
University of Virginia
Wine Trail
Michie Tavern
The Paramount Theater
The Charlottesville Pavilion
Live Arts Theater
John Paul Jones Arena
Downtown Charlottesville

A Complete List of Charlottesville Attractions