Lorton VA Short Sales - March 2014 Market Report

Lorton VA Real Estate - With the real estate rebound that's been happening in Lorton VA, there haven't been that many short sales to choose from lately.  Let's take a look at the market for March 2014 and how short sales did in Lorton VA.

How many short sales sold in Lorton VA?

One is the loneliest number.  In March 2014, there was one short sale that sold in Lorton VA. It was a property located in the community of Lorton Station, located at 9150 Stonegarden Drive.  This home was listed for $499,000 and sold for $445,000, and was on the market for 51 days before going under contract.

How many new short sale listings came on the market?

The number of homes for sale in Lorton VA increased in March.  Of the 55 new listings, 4 of them were short sales.  This was the highest number of new short sale listings that came on the market in 2014.  In January, there were three new short sale listings, and in February only one new short sale listing entered the market.

How long were short sales on the market?

For the first few months, short sales in Lorton were staying on the market for roughly 30 days.  In March, the average days on the market was 51 days and traditional resale homes averaged 55 days.  Since October 2013, short sales have been selling faster than traditional resale homes.

Which was the better deal in March 2014?

If you were looking to snag a good deal in March 2014, then you should have snagged a short sale.  Short sales were sold on average at 89.2% of the original list price, and traditional resales were sold at 96.2%.  The last time the average sold price to original list price ratio was below 90% was back in February 2012 when short sales averaged 88.2% of the original list price.

Lorton VA Short Sale Agent and Specialist

Since 2009, I have been listing, selling, and facilitating short sales in Lorton VA.  With a proven track record of both traditional sales and short sales sold in Lorton VA, I have the experience to help you if you are looking to buy a short sale.  Not all homeowners are able to take advantage of the rebounding real estate market. If you are currently facing a financing hardship and have questions about short selling your Lorton VA home, please visit my Lorton VA Short Sale Help website, or call me directly at 703-623-8759 for assistance.

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