loudoun county bankowned properties: Demand For Distressed Properties Outpaces Supply For First Time
- 10/08/08 05:21 AM
The foreclosure/bank-owned and short-sale portion of the Loudoun County real estate market has been steadily improving over the last 6 months. But last month brought some of the best news we've had in a long time - demand outpaced supply! For the first time since the market turned, there have been more distressed properties sell than new ones come on the market in a one month period. August had 326 distressed properties sell versus 306 new ones come on the market. Here's a graph showing new listings (supply) versus solds (buyer demand) for 2008 (click to enlarge):
Notice that in January, the … (0 comments)
loudoun county bankowned properties: Demand For Distressed Properties Outpaces Supply For First Time
- 09/04/08 08:56 AM
The foreclosure/bank-owned and short-sale portion of the Loudoun County real estate market has been steadily improving over the last 6 months. But last month brought some of the best news we've had in a long time - demand outpaced supply! For the first time since the market turned, there have been more distressed properties sell than new ones come on the market in a one month period. August had 326 distressed properties sell versus 306 new ones come on the market. Here's a graph showing new listings (supply) versus solds (buyer demand) for 2008 (click to enlarge):
Notice that in January, the … (0 comments)
loudoun county bankowned properties: The Effect Of Subprime Loans And Foreclosures/REOs On Property Values
- 01/28/08 03:14 PM
If you missed it, there was an article on the front page of the Washington Post as well as LoudounExtra.com about a week ago regarding the effect of subprime loans and foreclosures/bank-owned properties on property values. It compared the different cities and counties within the Washington, DC metro area, including Sterling Park. It also compared the DC metro area to other areas of the U.S. such as Nevada and California. According to the article, areas outside the Beltway have been hit the hardest. We would have to agree with that statement. In Northern Virginia, Prince William County has been the hardest … (1 comments)
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Danilo Bogdanovic
Real Estate Consultant - Loudoun and Fairfax County
The foreclosure/bank-owned and short-sale portion of the Loudoun County real estate market has been steadily improving over the last 6 months. But last month brought some of the best news we've had in a long time - demand outpaced supply!;)
;)
