Foreclosures For Sale In Alexandria VA - January 2014 Report

Alexandria VA Real Estate - Finding a foreclosure in the Alexandria VA real estate market is like looking for a needle in a haystack, these days they are few and far between. These types of sales are not like traditional sales, the bank in charge of the sale will likely have different forms and contract documents to sign, and you may not have the opportunity to negotiate home inspection items.  Make sure you have an experienced Alexandria VA buyer agent who has sold foreclosures, to guide you through these types of sales.

Take a look at the interactive chart below:

 

The number of home sales in Alexandria VA declined sharply from December to January, but the amount of foreclosure activity remained low.  There were two bank owned foreclosures that sold in January.

 

The holidays have come and gone, and sellers who were waiting for the start of the new year have now entered the market.  In January, 200 new listings came on the market in Alexandria VA, and only four of the new listings were bank owned foreclosures.

Currently, there are 10 active bank owned foreclosures for sale in Alexandria VA.  The homes include 8 condos, 1 townhome, and 1 single-family detached homes.  The prices range from $144,000 to $879,000 so there is ample opportunity from the starter condo range to the luxury price point.

If you are in the market to buy a home in Alexandria VA, you should consider all of your options.  Make sure you are working with a reputable Alexandria VA buyer agent who understand the local market trends, and has experience both traditional and distressed sales as your guide.  To sign up for email alerts to be notified whenever a new foreclosure is listed in Alexandria VA, just click here.

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