The rise in foreclosures and short sales has even touched the homes for sale in the Gainesville VA market. Since May 2008, foreclosure filings are up 2.3 percent across Virginia. Foreclosure filings are down nearly 14 percent over the previous month. Overall, in April and May, Virginia ranked 14thin foreclosure rate amongst the 50 states, according to RealtyTrac.
Currently there are 164 Single Family Homes listed for sale in the Gainesville VA MLS
- 9 Foreclosures (5.5% of current homes)
- 66 Short Sales aka Preforeclosure (40.2% of current homes)
- 56 Regular Resales (34.1% of current homes)
- 33 New Homes To Be Built (20.1% of current homes)
Based on current average homes sold in Gainesville VA per month we currently have a 5 month home supply.
With the right agent you can get a great deal on the current available Foreclosures and Short Sales such as this gorgeous home in Piedmont that my latest buyers just closed and moved into with equity.
Linda Coffey, Realtor®
Long & Foster Realtors
7526 Limestone Drive
Gainesville, VA 20155
Licensed in the Commonwealth of Virginia
(703) 973-2676
LCoffey@LNF.com
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