loudoun county foreclosures: Demand For Distressed Properties Outpaces Supply For First Time - 10/08/08 12:21 PM
The foreclosure/bank-owned and short-sale portion of the Loudoun County real estate market has been steadily improving over the last 6 months. But last month brought some of the best news we've had in a long time - demand outpaced supply!
For the first time since the market turned, there have been more distressed properties sell than new ones come on the market in a one month period. August had 326 distressed properties sell versus 306 new ones come on the market.
Here's a graph showing new listings (supply) versus solds (buyer demand) for 2008 (click to enlarge):
Notice that in January, the … (0 comments)
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loudoun county foreclosures: Demand For Distressed Properties Outpaces Supply For First Time - 09/04/08 03:56 PM
The foreclosure/bank-owned and short-sale portion of the Loudoun County real estate market has been steadily improving over the last 6 months. But last month brought some of the best news we've had in a long time - demand outpaced supply!
For the first time since the market turned, there have been more distressed properties sell than new ones come on the market in a one month period. August had 326 distressed properties sell versus 306 new ones come on the market.
Here's a graph showing new listings (supply) versus solds (buyer demand) for 2008 (click to enlarge):
Notice that in January, the … (0 comments)
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loudoun county foreclosures: Loudoun County Foreclosure/Bank-Owned and Short-Sale Statistics - July 2008 - 08/14/08 02:01 PM
With all the hype and talk about foreclosure/bank-owned and short-sale properties, especially in Loudoun County, you're probably wondering what that segment of the real estate market is up to. Let's look at the statistics to find out...
Supply/Inventory
The number of foreclosure/bank-owned and short-sale properties that came on the market in July 2008 was 318. This is an 8 percent increase from June 2008 (318 versus 291). The number of foreclosure/bank-owned and short-sale properties that came on the market in July 2008 was 45 percent more than in July 2007 (218 versus 175). This statistic in itself does not look … (0 comments)
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loudoun county foreclosures: Frustrated In Your Search For Foreclosure/Bank-Owned and Short-Sale Properties? - 08/08/08 10:41 AM
Does "frustrated" describe how you feel when trying to search for foreclosure/bank-owned and short-sale properties online? You're not alone. Buyers often ask me why they can't just click a search field labeled "bank-owned" or "short-sale" and pull up those types of properties on listing sites. Here's the answer to that question:
Listing sites...
Realtor.com, HomesDataBase.com and other listing sites generally get their data from either the local MLS and/or a straight data feed from brokerage firms such as Keller Williams, RE/MAX, Century 21, etc. There are certain "standard" fields that data is pulled from. That data is then auto-populated into … (0 comments)
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loudoun county foreclosures: Loudoun County Foreclosure/Bank-Owned and Short-Sale Statistics - July 2008 - 08/08/08 10:39 AM
With all the hype and talk about foreclosure/bank-owned and short-sale properties, especially in Loudoun County, you're probably wondering what that segment of the real estate market is up to. Let's look at the statistics to find out...
Supply/Inventory
The number of foreclosure/bank-owned and short-sale properties that came on the market in July 2008 was 318. This is an 8 percent increase from June 2008 (318 versus 291). The number of foreclosure/bank-owned and short-sale properties that came on the market in July 2008 was 45 percent more than in July 2007 (218 versus 175). This statistic in itself does not look very … (0 comments)
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loudoun county foreclosures: Forbes Names Loudoun County Top 10 Places To Buy Foreclosures - 07/02/08 05:32 PM
Forbes recently named the DC metro area including Loudoun County one of the top 10 places in the US to buy foreclosures. Some of the criteria used was prices, inventory levels, hints of stabilization and long-term investment potential. For more on the story, check out my post over at LoudounForeclosures.com.
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loudoun county foreclosures: Percentage of Foreclosures and Short-Sales Holds Steady - 05/09/08 03:22 PM
The percentage of total properties for sale in Loudoun County that are foreclosures/bank-owned or short-sales is holding steady around 25 percent. We've been seeing the percentage stay around 25 for most of this year.
Though we'd all like to see that percentage go down, it's definitely good news that it's not increasing. The fact that it's not increasing is another sign that the worse is behind us.
For more information about Loudoun County foreclosure/bank-owned and short-sale properties, check out my blog Loudoun Foreclosures.
-Danilo
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loudoun county foreclosures: Rate Of New Bank-Owned and Short-Sale Listings Steady - 04/22/08 02:19 PM
The rate at which new foreclosure/bank-owned and short-sale listings are entering the market in Loudoun County remains steady. Here are the numbers:
January 2008 saw 310 new foreclosure/bank-owned and short-sale listings come on the market. That's 10 new ones per day.February 2008 had 289 come on the market. That's 10 per day.March 2008 had 301 come on the market. That's 9.8 per day.So far this month (thru 4/22), there have been 253 new foreclosure/bank-owned and short-sale listings come on the market. That's a slight increase to 11.5 per day, but not too far off the 10 per day average.The trend so far … (1 comments)
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loudoun county foreclosures: Loudoun County Foreclosure Filings Up Despite Virginia & US Down - 03/25/08 08:24 AM
Here's the latest data regarding foreclosure filings in Loudoun County as well as the rest of the state and nationally (via VAR's Commonwealth Online):
Home foreclosures dropped in the majority of the Washington, D.C. area and across the country, from January to February.
The one-month decrease comes at the start of the spring season, when real estate activity tends to pick up.
The number of properties with foreclosure filings fell 32.5 percent in the District of Columbia in February, with 340 foreclosure filings on properties, down from 504 the month before, according to Irvine, Calif.-based RealtyTrac, a Web-based foreclosure listing company, which releases monthly … (0 comments)
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loudoun county foreclosures: Loudoun County Foreclosure/REO Market Makes International Headlines - 03/04/08 05:05 PM
The situation regarding foreclosures in Loudoun County made international headlines by being featured in a story in The Economist entitled "Foreclosures In America; Searching For Plan B" (this week's issue).
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loudoun county foreclosures: Snapshot of Loudoun County Foreclosure/Bank Owned and Short-Sale Properties - 02/12/08 02:29 PM
Here is a snapshot of foreclosure/bank owned and short-sale properties in Loudoun County, Virginia:
Twenty-four percent of the currently active listings in Loudon County are either foreclosures/bank-owned or short-sales.Fourty-three percent of the properties that are currently under contract are either foreclosures/bank-owned or short-salesFourty-four percent of the properties that settled in January 2008 were either foreclosures/bank owned or short-sales. This in an increase of over 400 percent from January 2007 when only 10 percent of the properties that settled were either foreclosures/bank owned or short-salesFrom MRIS data.
For more information about Loudoun County, Virginia foreclosure/bank owned and short-sale properties, check out my Loudoun Foreclosures … (0 comments)
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loudoun county foreclosures: Foreclosures and Short Sales Continue to Rise in Loudoun County - 01/28/08 11:21 PM
A quick look at sales activity in January for Loudoun County shows that foreclosure activity continues to increase. As of today, 148 of the 272 sales in the county are bank owned, reo, foreclosure, short sale or some other form of distressed property.
These properties now account for 54% of the total number of homes being sold. That is up from 46% in December (106/229) and 38% in November (107/280).
A couple of observations about these numbers:
Non-distressed sales (124) are down from 173 in November and flat versus December (123). This number should be up significantly over December numbers. Last … (0 comments)
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loudoun county foreclosures: The Effect Of Subprime Loans And Foreclosures/REOs On Property Values - 01/28/08 11:14 PM
If you missed it, there was an article on the front page of the Washington Post as well as LoudounExtra.com about a week ago regarding the effect of subprime loans and foreclosures/bank-owned properties on property values. It compared the different cities and counties within the Washington, DC metro area, including Sterling Park. It also compared the DC metro area to other areas of the U.S. such as Nevada and California.
According to the article, areas outside the Beltway have been hit the hardest. We would have to agree with that statement. In Northern Virginia, Prince William County has been the hardest … (1 comments)
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loudoun county foreclosures: Loudoun County Real Estate Statistics - December 2007 - 01/07/08 11:16 PM
Here is the first look at just how bad the real estate market is in Loudoun County. The table below compares sales numbers for this December against December of 2006.
* Projected price based on current sales price of 95.5% of average list price.
As you can see, the numbers are down across the board. Units Sold is down almost 33%. Sales prices can be looked at any number of ways but they all point to a drop of 15% to 18% for Loudoun County.
Another trend that everyone is well aware of is the increase in distressed properties that are on the … (0 comments)
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loudoun county foreclosures: Loudoun County Center Of Foreclosure/REO Media Attention - 12/16/07 03:45 PM
Loudoun County seems to be at the center of media attention when it comes to foreclosures. From local newspapers to Reuters, The Wall Street Journal and others, everyone seems to be writing and talking about Loudoun County and foreclosures. But why are they so focused on Loudoun County?
It's because Loudoun County is seeing such a huge spike in foreclosure listings despite having the second-highest median household income of any jurisdiction in the US (Fairax County is #1). It's also because Loudoun saw some of the greatest increases in home prices during the boom and one of the greatest decreases since … (0 comments)
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loudoun county foreclosures: Looking For A Complete List Of Foreclosure Properties In Loudoun County? - 11/14/07 10:40 AM
For the best foreclosure/REO and short-sale deals in Loudoun County, Virginia, check out the Loudoun Foreclosures blog. But if you are looking for a complete list of such properties in Loudoun County and/or the surrounding areas such as Fairfax, Arlington or Prince William counties, contact me and I will provide that to you. I have access to all foreclosure/REO and short-sale properties currently available as well as an inside scoop on those that may not be on the market yet, but are coming soon.
I also have the inside scoop on builder inventory both, "build from dirt" and "spec". This includes knowing … (0 comments)
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loudoun county foreclosures: Loudoun County Foreclosure Update (11/6/07) - 11/12/07 06:32 PM
Here are the latest figures regarding foreclosure/REO and short-sale properties in Loudoun County, particularly Sterling, Ashburn and Leesburg:
Loudoun County
633 total foreclosures/REO and short-salesthis represents 23 percent of total inventorySterling
262 total foreclosures/REO and short-salesthis represents 33 percent of total inventory Ashburn
115 total foreclosures/REO and short-salesthis represents 21 percent of total inventoryLeesburg
154 total foreclosures/REO and short-salesthis represents 21 percent of total inventoryFor more information about foreclosures/REO, short-sales and distressed properties in Loudoun County, Virginia, check out Loudoun Foreclosures.
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loudoun county foreclosures: Looking For Loudoun County Foreclosures, REO, Short-Sales, Other Deals? - 11/07/07 12:33 PM
If you're looking for foreclosures, REO, short-sales, distressed properties and other great real estate deals in Loudoun County, you'll want to check out Loudoun Foreclosures. The blog brings your attention to the best real estate deals in Loudoun County, Virginia regardless of who the agent, broker or builder is. You can find basic information about the featured properties along with the reasons why they're such a great deal.
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