Foreclosures in Charlottesville and Albemarle

Still not that bad. Let’s see some localized context, courtesy a report titled “Cumulative Foreclosure Actions In Virginia (April 2008)” sent to me by a local lender (PDF) -

Albemarle County is #68 with .03%

Augusta County is #76 with .02%

Charlottesville is #78 with .02%

Fluvanna County is #98 with .01%

Greene County is #65 with .03%

Nelson County is 103 with 0%

Waynesboro City is #87 with .01%

For context, look at Spotsylvania 1.69% and 1.9% Stafford, which equals 727 and 828 housing units respectively under foreclosure. Loudoun County has over 2,000 foreclosures equalling 2.14% of their housing stock.

Some of this week’s foreclosures are in this week’s HooK.

Related - I wrote about Charlottesville area foreclosures in February and in April.

Update 20 May 2008: Be sure to read Bart’s How to Avoid Foreclosure series

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May 19, 2008 | Filed Under Albemarle, Charlottesville, Market statistics 

Comments

3 Responses to “Foreclosures in Charlottesville and Albemarle”

  1. Pavel on May 20th, 2008 10:37 am

    Agree, not bad. In fact, I’m finding bank owned properties go pretty quickly in desirable locations which indicates to me there is a bottom to this market (which some of these bank owned properties represent). From what I’ve been reading, I think we still have not seen the full impact of ARM resets.

  2. Fred on May 20th, 2008 8:53 pm

    “The Scars of Losing a Home”
    by Robert J. Shiller

    http://www.nytimes.com/2008/05/18/business/18view.html

  3. Charlottesville and Albemarle Sold properties by price range | Real Central VA on June 23rd, 2008 9:31 am

    [...] sales. * Google Docs is getting far better and easier to use than either Excel or NeoOffice. * Foreclosures in the Charlottesville area are most likely excluded from the MLS [...]

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