Alexandria VA Short Sales Report for February 2014

 

As the Alexandria VA real estate market starts to heat up, let's take a look at how the short sales are performing against the traditional resale homes.

In February there were 261 homes that sold and closed in Alexandria VA, and two of those were short sales. 

Take a look at the inventory comparison:

 

The number of active listings started to increase from January to February.  There were 775 active listings total, and 23 active short sale listings.

While the number of short sale listings and closed sales are both low, the number of short sales that are pending tell a different story.

Alexandria VA buyers are out in full swing as indicated by the uptick in pending sales from December to February.  There is a higher volume of short sale pendings in comparison to the active and closed short sales. In February, there were 54 short sales pending.  When you look at the number of closed short sales from previous months, you can see that only a small percentage of the pending short sales are actually closing.