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Alexandria Foreclosures – Market Update February 2015

By Amanda S. Davidson

Real Estate Agent with Amanda Davidson Real Estate Group Brokered By Real 0225221517

March 11, 2015 02:35 AM

Alexandria Foreclosures – Market Update February 2015

The number of foreclosures sold in February decreased by 4 homes as compared to January. Due to the extremely low number of foreclosures in Alexandria the numbers can change drastically from month to month. The large changes are strictly based upon the limited sales in this segment of the market, not due to instability in the Alexandria Real Estate market.

The following is a review of activity for foreclosures sold in Alexandria during February 2015.

•Number of Sales: 6 (decrease from 10 in January)

•Highest Priced Sale: $720,000

•Lowest Priced Sale: $134,000

•Median Sales Price: $334,250 (increase from $240,500)

•Median Days on Market: 20 (decrease from 30)

•Median Sale Price to List Price Ratio: 92.15% (decrease from 97.65%)

What Does This Mean For Buyers?

There are currently only 15 bank owned properties for sale in Alexandria. This accounts for just 1.90% of the total inventory currently for sale. Bank owned homes continue to represent a very small percentage of homes for sale in Alexandria and for buyers this means limiting your home search to foreclosures is not a good plan. Due to the small about of bank owned homes for sale it could mean years to find the right house. Multiple offers are not uncommon on bank owned homes and they often sell for market value, possibly above if a bidding war breaks out. Keeping foreclosures as part of your search but, also considering standard sales is the best approach for buyers to take in the current market conditions in Alexandria. Taking this approach will insure you have multiple homes to tour and select from.

If you’re considering buying a home in Alexandria and would like to know more about where to get started contact me for help! I welcome the opportunity to earn your business and trust. Amanda4210@yahoo.com or 703-431-3755

To view foreclosures for sale in Alexandria please visit the link.

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Beth Atalay

Cam Realty and Property Management - Clermont, FL

Cam Realty of Clermont FL

Hi Amanda, that's a great increase in Foreclosure home prices in Alexandria VA with low days on market. Whether be investors or owner occupants looking for a bank owned home would be wise to contact you now to view some homes before they're all snatched up!

Mar 11, 2015 02:39 AM

Amanda S. Davidson

Alexandria, VA

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

Hi Amanda -- good update on the foreclosure market in Alexandria VA. Smart advice to buyers to consider all types of properties(distressed and standard sales) especially when that foreclosure percentage is so low.

Choosing you for representation is the best step for serious buyers.

Mar 11, 2015 03:45 AM

Rebecca Gaujot, Realtor®

Lewisburg, WV

Lewisburg WV, the go to agent for all real estate

Foreclosures do not stay on the market long in Alexandria VA. Call Amanda Davidson for all your real estate needs at 703-431-3755.

Mar 11, 2015 04:00 AM

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Amanda, it is GREAT news to see the distressed housing numbers so low! Just looked at Aurora and have 3.7% and Denver has only 1.4%.

Mar 11, 2015 09:33 AM

Anita Clark

Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA

Realtor - Homes for Sale in Warner Robins GA

Amanda: With so few Alexandria VA foreclosures on the market, there is little time for buyers to delay. They need to call you pronto to see these properties before they are under contract.

Mar 11, 2015 09:50 AM

Rob Thomas

Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN

Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Amanda S. Davidson ....Very nice update ...I just hope one day we can post that there are ZERO for sale!

Hope you have a great day!

Mar 11, 2015 10:35 AM

Will Hamm

Hamm Homes - Aurora, CO

"Where There's a Will, There's a Way!"

Hello Amanda S. Davidson, Numbers have change over the years. I agree with Rob, one day!

Mar 11, 2015 12:58 PM

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Amanda, thank you for the update on the Alexandria Foreclosure market. Great information.

Mar 11, 2015 09:24 PM

Amanda S. Davidson

Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA

Alexandria Virginia Homes For Sale

Hi Everyone, thank you for your comments. One day it would be wonderful to see them at zero, I agree! In the meantime it's great to see them remain low. They account for such a small portion of the Alexandria market.

Mar 12, 2015 12:00 AM

Noah Seidenberg

Coldwell Banker - Evanston, IL

Chicagoland and Suburbs (800) 858-7917

Hi Amanda, well done Alexandria Foreclosures Market Report. I would contact Amanda S. Davidson and take a look at one of those 15 properties, I see great value.

Mar 12, 2015 12:38 AM

Thank you so much Noah! I'm always ready to get to work and help my clients.

Mar 12, 2015 02:54 AM

Alexandria Foreclosures – Market Update February 2015

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