Foreclosure and Bank Owned Homes Market Report Sept 2012-Alexandria VA

Foreclosure and Bank Owned Homes Market Report Sept 2012-Alexandria VA

Alexandria VA Real Estate - The real estate market statistics are in for September 2012 in Alexandria City, and the number of foreclosure homes, or bank owned homes is a small part of the market.

In Septbember 2012, there were 160 homes that sold, and 7 of them were foreclosures, that's less than 5%.

What was the average days on market for a foreclosure home in Alexandria VA in September 2012?

In Septermber 2012, foreclosure homes stayed on the market longer than traditional homes for sale.  On average, bank owned homes were on the market for 61 days, while traditional sales had an average of 45 days.

Can I buy a bank owned home in Alexandria VA below market value?  Are these homes a good deal?

For the past three months, Alexandria VA foreclosures have sold for less than the asking price on average.  In September 2012, bank owned homes sold for 88.92% of the original asking price, while traditional homes sold at 96.85% of the original asking price.

See ALL REO and Bank Owned Foreclosure Homes For Sale in Alexandria VA

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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 RE/MAX Gateway 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.