Alexandria VA Foreclosure Sales Report – September 2012
Longer Days on Market and Lower Prices for Foreclosure Homes
Alexandria VA Real Estate – Foreclosures and bank owned homes can be a good opportunity to purchase a home in Alexandria VA that is priced below market value. Over the past few years, the number of foreclosures has increased nationally, but on a local level, you might be surprised at the foreclosure activity here in Alexandria. Let’s take a look.
Of the 160 homes that sold in Alexandria (City), VA in Septbember 2012, 7 of them were foreclosures, that’s less than 5%.
What was the average days on market for a foreclosure home in Alexandria VA in September 2012? As a buyer agent, I’ve noticed an increase in cash buyers lately. And with interest rates pushing downward, more first-time homebuyers are also taking advantage as opposed to facing increased rents. More buyers, less days on the market? Let’s see…
Can I buy a bank owned home in Alexandria VA below market value? Are these homes a good deal?
For the past three months, Alexandria VA foreclosures have sold for less than the asking price on average. In September 2012, bank owned homes sold for 88.92% of the original asking price, while traditional homes sold at 96.85% of the original asking price.
Here is a list of current foreclosures for sale in Alexandria VA: