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...

In Septermber 2012, foreclosure homes stayed on the market longer than traditional homes for sale.  On average, bank owned homes were on the market for 61 days, while traditional sales had an average of 45 days.

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.

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 Here is a list of current foreclosures for sale in Alexandria VA: