There are 670 foreclosed properties for sale in Prince William County as of 12:42 today.
That's down by over 50% from summer 2006.
Some "expert" somewhere, in a news report I cannot recall, mentioned that over 7,000 homes were foreclosed in Prince William since 2004. My experience says that number is right on target.
My contacts in the Real Estate Owned (REO) departments at mortgage banks say that their workload has steadily subsided month by month this year.
Moreover, the total inventory of all homes for sale in the county is down to roughly 4,800, down from over 7,000 in June 2007.
The number of homes "Under Contract", in other words, "SOLD" pending settlement in the county is up from roughly 370 in June 2007 to over 1,680 homes in June 2008.
Anyone who has been waiting for the market to "hit bottom" missed it... it already happended.
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Erick Blackwelder or Peggy James of Erick and Company - Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-590-2252 list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Cannon Bluff, Meadowbrook Woods, Blooms Crossing, Manassas Park, Beaver Creek, Hunter's Ridge, Brittany, Manassas, Montclair, Dumfries, Occoquan, Dale City, Nokesville, or anywhere in Prince William County.
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