| 2008 | 2007 | % Change | |
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| Total Sold Dollar Volume: | $ 329,456,954 | $ 528,378,666 | - 37.65 % |
| Average Sold Price: | $ 467,979 | $ 508,545 | - 7.98 % |
| Median Sold Price: | $ 405,000 | $ 448,900 | - 9.78 % |
| Total Units Sold: | 704 | 1,039 | - 32.24 % |
| Average Days on Market: | 123 | 113 | 8.85 % |
| Average List Price for Solds: | $ 513,320 | $ 544,350 | - 5.70 % |
| Avg Sale Price as a percentage of Avg List Price: |
91.17 % | 93.42 % |
FORECLOSURE LISTINGS IN FAIRFAX COUNTY, VIRGINIA, MARCH 2008.
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Contact Lenn for a tour of homes in Fairfax County, Virginia 800-711-7988.
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FAIRFAX COUNTY VA REAL ESTATE. YES! It’s Time To Buy! It’s Time To Buy!
FAIRFAX COUNTY HOME BUYERS: We’ve compiled the facts and statistics for you to show that it is, indeed, a 
good time to buy a home in Fairfax County, Virginia.
IF YOU NEED OR WANT TO BUY A HOME in FAIRFAX COUNTY VIRGINIA, BUY NOW. PRICES ARE DOWN AND IT’S A BUYER’S MARKET!
Prices are down in Alexandria, Annandale, Burke, Centreville, Falls Church, Fairfax, Great Falls, Herndon, Lorton, McLean, Reston, Springfield, and Vienna.Fact: There are about 2,923 Single Family Homes (not new construction) listed for sale in Fairfax County, VA (2/24/08). Home buyers in Fairfax County have more choices than ever before.
Fact: There are about 6,091 homes of all types listed for sale in Fairfax County, VA (2/24/08). Home buyers for single family, townhomes, condos have more choices than ever before.
Fact: Home prices for homes SOLD in January 2008 were 11.13% lower than in January 2007. Sellers are reducing home prices faster than recent times.
Fact: Prices for all homes SOLD in Fairfax County sold for 90.89% of the list price. That reflects an average 11% negotiating success.
Fact: There is about a 5-11% negotiating window for buyers and seller subsidies are also higher.
Fact: Total units sold in January 2008 were down 46.41% from January 2007. Sellers need to sell and will negotiate.
Fact: List prices for homes for sale in Fairfax County in January 2007 are 8.85% lower than in January 2007. Lower list prices reflect the pressure from lower SOLD prices and lower appraisals.
Fact: The average Days On The Market for homes listed for sale in Fairfax County, VA is 132 days, 24.53% longer than a year ago.
Fact: Rents are increasing and will continue to do so until buyers get back in the real estate market.
Fact: Mortgage requirements are becoming increasingly difficult and will continue to do so for some time.
FAIRFAX County Virginia Average SOLD prices 2005-2008 (All home types).
January 2008 - Average SOLD price was $472,016
January 2007 - Average SOLD price was $531,143
January 2006 - Average SOLD price was $512,201
January 2005 - Average SOLD price was $475,995
FAIRFAX COUNTY HOME BUYERS can now select from homes for sale at 2005 prices. * It took 3 years to get list prices for homes for sale back to 2005 prices.
* Pressure from Short Sales and Foreclosures have helped bring prices down.
* Home owners who sold due to relocating to other areas helped bring prices down.
* Smart buyers who simply said, “I will not pay that price for that house” helped bring prices down.
* Buyers Agents in the Homefinders.com network who gave our home buyers the facts about the real estate market helped bring home prices down.
Click to enlarge
2 Langley
3 Marshall
4 Oakton
5 McLean
9 Madison
11 Woodson
12 Herndon
13 Westfield
14 Centreville
15 West Potomac
17 Fairfax
18 Lee
19 South Lakes
20 Falls Church
21 Edison
23 Stuart
24 Mount Vernon
25 Annandale
FAIRFAX.CONSIDER THE VALUE IN TOWN HOMES. TOWN HOMES CAN BE A WONDERFUL WAY TO BUY AND OWN A HOME IN A COMMUNITY IN FAIRFAX COUNTY, VIRGINIA.
The listings below are all in Fairfax County and enjoy access to the highly popular METRO Rail transportation system to easy access into DC or the Pentagon.
| City | Price | Exterior Material | HOA | BR | BA | Fireplace | # Gar |
Listings all in communities with amenities including out door swimming pools, recreation center and more.
EXAMPLES OF TOWN HOMES IN THE $500,000 to $600,000 Price Range.
24 Feet wide wtih 3 BR, 3 BA 22 Feet wide with 3 BR, 3 BA
METRO MAP
Search Listings of Homes for sale in Fairfax County.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-Mail.
FORECLOSED HOMES IN FAIRFAX COUNTY LISTED FOR SALE
ABOUT 146 DETACHED SINGLE FAMILY HOMES THAT HAVE BEEN FORECLOSED,
ARE BANK OWNED AND ARE LISTED FOR SALE.
Market report for properties that have been through the foreclosure process and are bank owned.
Foreclosed properties are located throughout Fairfax County real estate.
FORECLOSURES in Fairfax County
Properties are located in
Alexandria (not Old Town) - 27 foreclosed homes for sale.
Annandale - 5 foreclosed homes for sale.
Burke - 4 foreclosed homes for sale.
Centreville - 11 foreclosed homes for sale.
Fairfax City - 9 foreclosed homes for sale.
Falls Church - 16 foreclosed homes for sale.
Herndon - 34 foreclosed homes for sale.
Lorton - 9 foreclosed homes for sale.
Springfield - 34 foreclosed homes for sale.
The remainder are in McLean, Great Falls, Vienna.
FORECLOSURES ARE ALL AGES in Fairfax County
15 properties are 10 years old or newer.
22 properties are between 11 and 25 years old.
109 properties are over 25 years old.
PRICES OF THE FORECLOSED HOMES in Fairfax County
8 properties are priced between $400,000 and $500,000.
26 properties are priced between $500,000 and $600,000.
10 properties are priced between $600,000 and $700,000.
8 properties are priced between $700,000 and $800,000.
3 properties are priced between $800,000 and $900,000.
3 properties are priced between $1,000,000 and $3,100,000.
AVERAGE PRICE RANGE FOR FORECLOSURES in Fairfax County
The minimum price for foreclosures in Fairfax County is $310,000.
The high price for foreclosures in Fairfax County is over $3,000,000.
The average price for foreclosures in Fairfax County is $547,500.
LOT SIZES FOR FORECLOSURE in Fairfax County
The smallest lot size for foreclosed properties in Fairfax County is under 1/5 acre.
The largest lot size for a foreclosed property in Fairfax County is about 5.5 acres.
The average lot size for foreclosed properties in Fairfax County is about 1/4 acre.
EXAMPLES OF FORECLOSED HOMES IN FAIRFAX COUNTY, VIRGINIA
Examples of foreclosed homes in Fairfax County in the $400,000, $500,000 and $800,000 price range.
Lenn Harley, Homefinders.com, 800-711-7988.
Courtesy: Homefinders.com
ABOUT 27 DETACHED SINGLE FAMILY HOMES in HERNDON THAT HAVE BEEN FORECLOSED,
ARE BANK OWNED AND ARE LISTED FOR SALE.
Market report for properties that have been through the foreclosure process and are bank owned. The report below reflects existing detached single family homes in Herndon Virginia in Fairfax County available for sale. 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.
There are about 300 detached single family homes listed for sale in Herndon, Virginia. Of this number, about 33 are bank owned properties that have been foreclosed and now offered for sale. They are listed for sale in the MLS along with all other resale properties and new home listings. Bank owned properties will be included in any tour of homes prepared by Homefinders agents.
Homes for sale in Herndon are priced from $309,900 for a home constructed in 1900; a luxury home priced at $1,885,000 for a home built in 2003. The average price for a single family home in Herndon is $563,465.
Foreclosed properties are located throughout Herndon real estate in Northern Virginia.
There are about 33 bank owned homes in Herndon for sale.
The lowest price for a foreclosed home is $339,900.
The highest price for a bank owned house in Herndon is $575,000
The average price for single family home foreclosed in Herndon is $412,139.
ZIP CODES FOR FORECLOSURES
5 properties are in Zip Code 20171
26 properties are in Zip Code 20170
FORECLOSURES COME IN ALL AGES AND TYPES OF HOMES
8 properties were built between 1982 and 1998
10 properties were built between 1977 and 1981
15 properties were built between 1960 and 1976
PRICES OF THE FORECLOSED HOMES IN HERNDON
21 properties are priced between $339,900 and $400,000.
12 properties are priced between $434,000 and $575,000.
AVERAGE PRICE RANGE FOR FORECLOSURES IN HERNDON VIRGINIA
The minimum price for foreclosures in Herndon is $339,900
The high price for foreclosures in Herndon is $575,000
The average price for foreclosures in Herndon is $412,139.
LOT SIZES FOR FORECLOSURE IN HERNDON COUNTY
The smallest lot size for foreclosed properties in Herndon is 5,445 square feet.
The largest lot size for a foreclosed property in Herndon is about 2 acres.
The average lot size for foreclosed properties in Herndon is about 1/4 acre.
EXAMPLES OF FORECLOSED HOMES IN HERNDON, VIRGINIA
$525,000 price range foreclosure in Herndon.
$350,000 price range foreclosure in Herndon.
$550,000 price range in Herndon with acreage.
Lenn Harley, Broker, Homefinders.com 800-711-7988, E-mail
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
Lenn Harley, Broker, Homefinders.com 800-711-7988, E-mail
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.
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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