Gainesville, Virginia - Homes for Sale - Foreclosures and Short Sales
The rise in foreclosures and short sales has even touched the homes for sale in the Gainesville VA market. Since July 2008, foreclosure filings are up nearly 12 percent across Virginia. Overall, in July 2009, Virginia ranked 14th in foreclosure rate amongst the 50 states with one foreclosure filing for every 511 households, according to RealtyTrac.
Currently there are 158 Single Family Homes listed for sale in the Gainesville VA MLS in September.
- 9 Foreclosures (6% of current homes)
- 71 Short Sales aka Preforeclosure (45% of current homes)
- 49 Regular Resales (31% of current homes)
- 29 New Homes To Be Built (18% of current homes)
Based on current average homes sold in Gainesville VA per month we currently have a 4.5 month home supply. This is an decrease of a 4 month home supply from August 2009.
In Virginia, on average, median sales prices were down 8.6% in the 2nd Quarter of 2009 over the same time period in 2008, according to the Virginia Association of Realtors.
With the right agent you can get a great deal on the current available Foreclosures and Short Sales.
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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Linda: Good information for anyone wondering what's happening in our market. Looks like short sales have replaced foreclosures. Gosh that house looks familiar. :)