Alexandria VA Short Sale Market Report for 2014

By
Real Estate Agent with Realty One Group Capital MovingToNova.com

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.

 

          Search Shorts Sale in Alexandria VA    What's Your Home Worth

This article was originally posted by Tamara Inzunza on MovingToNova.com, click here.

 

Comments (3)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Tamara - These aver very good stats on Alexandria, Virginia short sale market.

Mar 06, 2015 09:24 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

In my own business I'm seeing an uptick in Short Sales, but I live in a community built 10-12 years ago and now those 10 year interest only arms are coming due.

Mar 06, 2015 11:39 AM
Tamara Inzunza
Realty One Group Capital - Alexandria, VA
Close-In Alexandria and Arlington Living

Thanks John Pusa , it's surprising to see how the short sale inventory has changed.  Interesting Chris Ann Cleland , I was just having that conversation with another colleague about the 10-year intersest only ARMS.

Mar 07, 2015 08:10 AM