The Charlottesville real estate market can be broken down into at least four categories.:
– 20% distressed
– 20-30% is overpriced
– 20-25% is stuff that no one wants to buy
– 20% is in great condition, priced really well and is selling in under 60 days. *
* “Right now” is Tuesday, 2 August. In the Charlottesville MSA, there are 2312 homes on the market, 482 properties are under contract. 266 have Days on Market of under 60 days. 257 have Continuous Days on Market of under 60 days.
Further, just because I was curious, 766 properties on the market have been on the market for under 60 days.