Where Are The Black Friday Deals In Alexandria VA -
Bargains Are With Short Sales and Foreclosures
Alexandria VA Real Estate - By now you've probably gone through dozens of 'Black Friday' and 'Cyber Monday' emails. If you're shopping for a home in Alexandria VA, the best deals are in the short sales and bank owned foreclosures. And here are the numbers to prove it.
When you mouse over the points in the above chart, you'll see that distressed sales (bank foreclosures and short sales) are most often sold at a deeper discount. This is a represenation of the homes that sold in Alexandria City from May to October 2011. In October 2011, Alexandria VA short sales sold on average at 89.37% of the original asking price, and bank owned foreclosures sold at 93.32% of the orginial asking price.
So there's no doubt that if you're looking for a deal, then the distressed properties are where you should start. Traditional home sellers in Alexandria are faring much better, and were able to get 95.75% of their original asking prices in October. With the exception of the peak percentage for short sales in May, where short sales were sold at 98.22% of the originial asking price, the trend shows that bank owned foreclosures end up selling for more.
If you're still hanging on for a 'Black Friday' or 'Cyber Monday' deal on an Alexandria VA home for sale, the biggest discounts are in the short sales. Are you ready to shop?
Copyright 2011 by Tamara Inzunza.
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Buying or Selling Real Estate in Del Ray or Old Town Alexandria VA? Looking for short sales in Alexandria Virginia? Contact Tamara Inzunza, Associate Broker of McEnearney Associates, Inc. Realtors to list and sell your home, or purchase a new home. I specialize in real estate homes for sale in the beautiful Alexandria VA communities of Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes including condos, townhomes, and single-family homes for sale.
Call me at 703-623-8759.
Be sure to visit my website where you can Search MLS Listings of ALL Homes For Sale in Alexandria VA at www.MovingToNova.com/. If you're thinking about selling and would like to know how much your Alexandria VA home is worth, visit http://www.confidentialcma.com/ for a complimentary market analysis of your home. Not selling but curious about the homes for sale in your neighborhood, visit http://www.movingtonova.info/ for FREE Market Snapshot reports and stay informed whenever a home is listed or sold in your neighborhood.
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