Fairfax County Real Estate

October 26, 2007

Foreclosures in Fairfax County, Virginia, Foreclosures and REO Sales

FORECLOSURES IN NORTHERN VIRGINIA. BANK OWNED PROPERTIES IN VIRGINIA FOR SALE. REO SALES.

GUIDE FOR HOME BUYERS INTERESTED IN REAL ESTATE FORECLOSURES IN VIRGINIA. 

MARKET REPORT FOR FORECLOSURES IN THE HOMEFINDERS.COM MARKET AREA WHICH INCLUDES
real estate in Northern Virginia in the Counties / Cities of:  Alexandria, Arlington, Fairfax, Fairfax City, Falls  Church, Fauquier, King George, Loudoun, Manassas, Prince William, Spotsylvania, Stafford.

THE NATIONAL AND LOCAL NEWS IS FULL OF NEWS ABOUT FORECLOSURES, REO, IN VIRGINIA.   The percentage of foreclosed homes for sale in Virginia, is lower than many areas in the country, but higher than nearby areas in Maryland.  These properties have been through the foreclosure process and are now bank owned.  The report below reflects existing only detached single family homes in the listed counties in Virginia.  Non-contingent sales are the only offers accepted and all homes are sold “as is”.  Buyers may have a home inspection for their own information and banks may negotiate the price based on condition. 

FORECLOSED HOMES IN NORTHERN VIRGINIA.  There are about 730 detached single family homes for sale in these counties that have been foreclosed and are bank owned.  This is about 4.6% of the 15,762 active listings of homes for sale in the area.

Virginia County Average Price
Arlington County $555,000
Fairfax County $476,000
Fairfax City $433,000
Falls Church $475,000
Fauquier County $414,000
King George County $343,000
Loudoun County $464,000
Manassas City/Park $328,000
Prince William County $402,000
Spotsylvania $328,000
Stafford County $369,000

EXAMPLES OF FORECLOSED HOMES LISTED FOR SALE IN NORTHERN VIRGINIA

 Home in Ashburn, Virginia  home in stafford   Fairfax County homes 

  • EXAMPLES OF FORECLOSED HOMES IN NORTHERN VIRGINIA
  • 1.  Investor purchased new home in Loudoun County.
  • 2.  Home in Prince William County.
  • 3.  Home in Fairfax County

SEARCH LISTING IN VIRGINIA

Lenn Harley, Broker, Homefinders.com 800-711-7988, E-mail

Foreclosures in Fairfax County Virginia- SOLD Prices

FORECLOSURES IN FAIRFAX COUNTY VIRGINIA - SOLD IN SEPTEMBER 2007

THE QUESTION FOR THE DAY - ARE FORECLOSURES REALLY A GOOD BUY?

The average list price for foreclosured detached single family homes in Fairfax County, Virginia that closed in the month of September 2007 was $495,135. 

The low list price for foreclosed detached single family homes in Fairfax County, Virginia that closed in the month of September 2007 was $306,250.

The high list price for foreclosed detached single family homes in Fairfax County, Virginia that closed in the month of September 2007 was $1,209,900.

The average DAYS ON THE MARKET FOR the 13 foreclosed detached single family homes that closed in the month of September 2007 was 123 days

Town                  List Price             Sold Price          Subsidy

Alexandria      $341,250.00     $305,000
Alexandria      $414,500.00     $335,000
Alexandria      $369,900.00     $360,000        $15,000
Alexandria      $390,500.00     $390,000
Annandale   $1,300,000.00   $1,000,000        $30,000
Chantilly         $399,900.00     $399,900        $11,790
Fairfax           $389,900.00     $383,150
Fairfax           $749,900.00     $742,000
Falls Church    $452,000.00     $430,000        $12,700
Herndon         $389,900.00     $389,900        $6,000
Lorton            $649,900.00     $619,900        $12,000
Springfield      $432,500.00     $370,000
Springfield      $414,900.00     $392,900        $12,000

Courtesy:  Homefinders.com, Lenn Harley, Broker, 800-711-7988, E-Mail.

Search Listings Fairfax County, Virginia

October 25, 2007

ABOUT HOMEFINDERS AND HOW WE HELP

Fairfax County Buyers Agents helping home buyers find homes to buy; new homes, resale homes, condominium homes, town homes, single family homes in Fairfax County.

Help with home search, home finance, home inspection, settlement.  We walk with you from search to settlement.  Buyers agents helping home buyers in Fairfax County.

FAIRFAX COUNTY REAL ESTATE AREAS SERVED: Alexandria, Annandale, Burke, Centreville, Chantilly, Clifton, Fairfax City, Fairfax Station, Falls Church, Great Falls, Lorton, McLean, Merrifield, Mount Vernon, Oakton, Reston, Springfield, Vienna and more.

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