Alexandria VA Short Sales - Report for October 2013
The recovering real estate market in Alexandria VA continues to flush out the number of short sales. A short sale requires the homeowner to receive written permission from the bank to sell the home for less than the total mortgage payoff.
In October 2013, there were 199 homes that sold in Alexandria, and only two of those were short sales. Year to date, the month with the highest number of short sales was April, when 13 short sales were sold, then June with 11.
The pendings, or under contract short sales tell a different story.
In October 2013, there were 228 homes that went into contract, and 36 of those were short sales. There is a larger volume of pending short sales than the number that are actually closing.
New Short Sale Listings In Alexandria VA
Even with the recovering real estate market, new short sale listings are still entering the market.
In October 2013, four new short sale listings out of the 255 total homes that went on the market between October 1 and October 31.
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