Alexandria Foreclosures – Market Update December 2014

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

Alexandria Foreclosures – Market Update December 2014

The following is a review of activity for foreclosures sold in Alexandria during December 2014.

 

•Number of Sales: 4 (decrease by 1 from November)Alexandria Foreclosures

•Highest Priced Sale: $375,000

•Lowest Priced Sale: $165,000

•Median Sales Price: $250,000 (decrease by    $149,900)

•Median Days on Market: 64 (increase by 37)

•Average Sale Price to List Price Ratio: 84.99%  (decrease by 9.66%)

 

The number of foreclosures sold in December decreased by one as compared to November. This segment of the Alexandria market continues to dwindle. Due to such limited data the median sale price fluctuates frequently and can often be drastic. It’s not a sign the market is slowing down, it is strictly due to the limited data and one low sale price impacts the numbers substantially.

 

What Does This Mean For Buyers?

There are currently 14 bank owned properties for sale in Alexandria. This accounts for just 1.92% of the total inventory currently for sale in Alexandria. Foreclosures have accounted for a very small portion of sales in Alexandria for over two years now. The limited number of foreclosures for sale means buyers simply cannot limit their search to bank owned property. It’s not realistic to only view foreclosures in the Alexandria market as it could mean your dreams of buying a home will take years. Many of the foreclosures sell for market value, particularly those that are move in ready or even just need cosmetic work. Multiple offers are not uncommon and can drive prices up. Keeping foreclosures as part of your search but, also considering standard sales is the best approach to take in the current market conditions in Alexandria.

 

If you’re considering buying a home in Alexandria and would like to know more about the process and where to start I can 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.

 

 

 

Posted by

 

Amanda Davidson Real Estate Group

 exp realty

 

 

      

 

AMANDA DAVIDSON  
l ASSOCIATE BROKER l  
l AMANDA DAVIDSON REAL ESTATE GROUP BROKERED BY eXp REALTY l

C  703.431.3755   |   O  703.988.3151  |   W  www.amandadavidson.com

A  20130 Lakeview Center Plaza #400 Ashburn, Va 20147




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Real Estate Market Trends
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Virginia Fairfax County Alexandria
Tags:
alexandria real estate
bank owned homes in alexandria va
bank owned market report

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Ambassador
1,514,044
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good morning Amanda S. Davidson.  When it comes to Alexandria VA real estate you certainly are the go to Realtor!  Your knowledge beams in your reports!

Jan 14, 2015 11:13 PM #2
Rainmaker
1,527,303
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Good morning Amanda, whether be a foreclosure or a standard sale, you are the Realtor to go to in Alexandria VA!

Jan 14, 2015 11:52 PM #3
Rainmaker
3,317,900
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Amanda,  Gald to see that % number down.  Hope you have a supper day!

Jan 15, 2015 12:02 AM #4
Rainmaker
1,530,016
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Thank you Sybil!

Hi John, thank you so much. That means a lot to me. 

Beth, thank you! I am always ready to help buyers and sellers. 

Will, I am too, it just seems to get lower and lower. Thank you!

Jan 15, 2015 02:07 AM #5
Rainer
355,932
Tom White
Franklin Homes Realty LLC (615) 495-0752 or www.FranklinHomesRealty.com - Franklin, TN
Franklin Homes Realty LLC, Franklin TN

Amanda, you make a great point about how limited data can cause some major swings in the information you release. That sort of caution to buyers should tell them right up front that you are a straight shooter who will put their interests first! Nice job!

Jan 15, 2015 02:51 AM #6
Rainmaker
3,274,599
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

This is a good way for the public to find out how the Alexandria Foreclosure market is doing. Oc course, Amanda knows about the rest of the market too!

Jan 15, 2015 03:03 AM #7
Ambassador
3,984,594
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

This topic is one of the most sought after on the Internet. Staying informed will likely earn you new business from buyers and investors, Amanda S. Davidson

Jan 15, 2015 05:02 AM #8
Rainmaker
2,330,123
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Amanda: There is literally no time to delay for buyers and investors who are looking for a deal in the way of an Alexandria VA foreclosure. There are extremely limited numbers available.

Jan 15, 2015 05:14 AM #9
Rainmaker
2,541,732
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

With 14 bank owned properties for sale in Alexandria,,,buyers and nevestor need to call Amanda Davidson, 703-431-3755.

Jan 15, 2015 06:32 AM #10
Rainmaker
4,237,677
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Amanda, your foreclosure market is very slim, and nice to see!    Funny the days on market increased so much.

Jan 15, 2015 08:24 AM #11
Rainmaker
1,729,603
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 ....Another very nice market update ....Have a great night!

Jan 15, 2015 08:45 AM #12
Rainmaker
4,798,170
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

With the number of available foreclosures declining, it's a good sign for the market as well as the economy.  Thanks for the report, Amanda.

Jan 15, 2015 08:01 PM #13
Rainmaker
4,432,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good to read that the number of foreclosures has decreased. 

Jan 15, 2015 08:10 PM #14
Rainmaker
1,530,016
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Thank you Tom! Good or bad I shoot it straight :)

Thank you Larry and Sheila, I do my best to stay on top of things!

Debbie, that would be wonderful, I'm always ready to help.

Anita, so well said, there's just not enough inventory and they go quickly. I do like seeing low inventory in this segment of the market!

Thank you Rebecca!

Joan, I noticed that too, one that closed was on the market for over a year. Skewed the data big time!

Thank you Rob!

Gabe, I think so too. Thank you!

Thanks Gita!

Jan 15, 2015 09:16 PM #15
Rainmaker
3,514,675
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Amanda - I heard a news story on the radio yesterday about the dramatic decrease in foreclosures -- in some areas, it's becoming an almost minuscule percentage of the overall market.   That certainly is true in Alexandria VA and buyers looking to purchase in this highly competitive area definitely need someone like you with the experience and knowledge of trends to best assist them.  

Jan 16, 2015 02:32 AM #16
Rainmaker
1,530,016
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, following foreclosures is always interesting to me and how they vary in each area seems to be all over the board. Thank you so much, I am always ready to help buyers in Alexandria.

Jan 16, 2015 04:39 AM #17
Rainmaker
4,237,677
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 interesting to see how the foreclosure markets differ in areas across the Country.   Yours and ours are similar.

Jan 17, 2015 11:59 PM #18
Ambassador
1,471,250
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

I think your message is, if you want a bank-foreclosure, you best get going quick.  

Jan 18, 2015 05:13 AM #19
Rainmaker
1,530,016
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Joan, I think it's interesting too. They really are similar! 

Jan 18, 2015 07:40 AM #20
Rainmaker
1,530,016
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Toni, you got it!

Jan 18, 2015 07:40 AM #21
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