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Where available in Virginia, we give you access to the local Foreclosure which is the most complete source for homes for sale listings.
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Virginia Foreclosure Market Data
Housing units (2009): 3.33 million
Total Number of Properties w/ Foreclosure Filings (2008): 49,000
Number of Properties w/ Foreclosure Filings (Oct. 2010): 5,700
Foreclosure Rate: 1 out of every 580 properties
Number of Foreclosure Sales (2010): 3,140
Virginia Median Foreclosure Sale Price (2010): $262,500
National Average Foreclosure Sales Price (2010): $171,400
Virginia is bordered to its east by the Atlantic Ocean and is well recognized as being the site for the Pentagon. Virginia is a great place to search for a bargain in the foreclosure market. WIth over 5,700 new foreclosures, Virginia contains a total of over 30,000 foreclosures that need to be sold. The average foreclosure sales price is approximately $198,400. Fairfax County has the highest number of foreclosures out of all the counties in Virginia. There are over 4,900 foreclosures in Fairfax County with most of those foreclosures sitting within the city limits of Alexandria, VA. The average foreclosure sales price in Fairfax is approximately $340,000. The average foreclosure sales price in Alexandria is approximately $286,500. The median foreclosure sales price in Virginia is $263,000.
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