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Gainesville Virginia - Homes For Sale - Foreclosures and Short Sales – March 2010

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Real Estate Agent with Long & Foster

Gainesville Virginia - Homes For Sale - Foreclosures and Short Sales – March 2010

The rise in foreclosures and short sales has even touched the homes for sale in the Gainesville VA market. Since September 2008, monthly foreclosure filings decreased by 10 percent across Virginia. Overall, in September 2009, Virginia ranked 17th in foreclosure rate amongst the 50 states, according to RealtyTrac.

According to the Virginia Association of Realtors, in the 3rd Quarter of 2009 median sales prices were down by 1.3% over the same period in 2008 while they increased 2.2% over the previous quarter (2nd Quarter 2009).

Currently there are 184 Single Family Homes listed for sale in the Gainesville VA MLS in March 2010.

  • 11 Foreclosures (6% of current homes)
  • 56 Short Sales aka Preforeclosure (30% of current homes)
  • 58 Resales (32% of current homes)
  • 59 New Homes To Be Built (32% of current homes)

Based on current average homes sold in Gainesville VA per month we currently have 5.43 month home supply. This is a 0.36 month home supply increase from February 2010

With the right agent you can get a great deal on the current available Foreclosures and Short Sales.

Gainesville Virginia Homes for Sale, Gainesville Virginia Foreclosures, Gainesville Virginia Short Sales, Gainesville Virginia Preforeclosures, Bull Run Mountain, Golf Course Homes in Gainesville Virginia

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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