Virginia Real Estate Market Summary
The following information is from http://www.RealtyTrac.com, the Virginia market trends and summary.
According to RealtyTrac, one of the premier websites regarding general real estate market and foreclosure trends, Virginia home sales for February 2014 were down 6% compared with the previous month, and down 17% compared with a year ago. The median sales price of a non-distressed home was $267,500. The median sales price of a foreclosure home was $170,299, or 36% lower than non-distressed home sales.
There are currently 34,175 foreclosure properties in VA that are listed for sale on RealtyTrac, and in March, the number of properties that received a foreclosure filing in Virginia was 25% higher than the previous month and 31% lower than the same time last year.
While the number of number of homes receiving foreclosure filings rose of the previous month, in general the number of filings is trending lower.
As always, contact us for any of your real estate needs or questions!