Alexandria VA Short Sale Market Report for 2014
Alexandria VA Short Sales - Short sales continued to play a very small part of the Alexandria VA real estate market. Take a look below and you'll see that as 2014 wrapped up, short sales accounted for less than 5% of the total inventory of active listings:
The gap between the traditional sales and the short sale is significant. This reflects positively on the rebound of growth and property values in Alexandria VA.
When we hone in on the short sale closings for 2014, you'll notice a dramatic decrease in the 4th quarter of 2014:
In the first quarter, there were 10 short sales that closed; in the second quarter 15; 9 in the 3rd quarter, and in the fourth quarter only 7 short sales closed.
So Are Alexandria VA Short Sales Going Away?
Take a look at the inventory of short sale listings over the past four years. In the first quarter of 2011, there were 55 active short sale listings in Alexandria VA, and never again has there been that level of inventory. Short sales are still a very small portion of active homes for sale in Alexandria VA.
This article was originally posted by Tamara Inzunza on MovingToNova.com, click here.