Lorton VA Short Sales For Sale - March 2014 Market Update
Lorton VA Real Estate - With the rebound of the Lorton VA real estate market, it's getting harder and harder to find short sales for sale in Lorton VA. Let's take a closer look at the market statistics for March 2014 and the role that short sales played.
How many short sales were sold in Lorton VA in March 2014?
One, one is the lonliest number. That's how many short sale closed in March 2014, only one out of the 29 homes in Lorton that sold. Breaking a two month run of decreasing sales volume, the number of homes that sold in Lorton increased from 23 in February to 29 in March. Short sales remained in the single-digits.
How long did short sales stay on the market in Lorton VA in March 2014?
Short sales did not stay on the market as long as traditional resale homes in March. They averaged 51 days on the market, while traditional resale homes stayed on the market an average of 55 days. For the past six months, short sales in Lorton VA have gone under contract quicker than traditional resale homes.
Did short sales sell at lower prices in Lorton VA?
The grass is greener on the other side! After four months of holding strong, short sales finally sold for less than their traditional counterparts. In March 2014, short sales in Lorton VA where sold at 89.2% of their original list price, while traditional resales were sold at 96.2%. Perhaps the short sale listings were in more desirable neighborhoods, or just had more curb appeal from November through February. It's quite interesting to see the visual of how in some markets distressed properties can be sold for more than traditional resale homes.
Lorton VA Short Sale Agent and Specialist
I have listed, sold, and facilitated the sale of short sale homes in Lorton VA since 2009. If you are in the market to buy a new home in Lorton VA, then make sure you're not passing by these properties. If you are interested in learning more about short selling your home, visit my Lorton VA Short Sale Help website or call me directly at 703-623-8759.
Connect with me on Google+
