Falls Church Foreclosures: Do Buyers Save Money?

Falls Church Foreclosure/Non-Distressed Sales Comparison
Falls Church Foreclosure/Non-Distressed Sales Comparison

Many potential homebuyers will consider buying a foreclosed home because conventional wisdom says they will be able to purchase a home at a discount. Yet are foreclosures in Falls Church sold at a reduced price?

When looking at the median sales price, Falls Church foreclosures are sold 30% less than the average non-distressed home (not a foreclosure or short sale.)  According to RealtyTrac, the nation’s largest foreclosure reporting firm, in September of 2013 the median sale price of a non-distressed home in Falls Church was $475,000; while the median sales price of a foreclosure in Falls Church was $331,381; a 30.2% reduction or $143,619 savings.

If you’re searching for a home or foreclosure to purchase in Falls Church or any Northern Virginia county, search online at http://www.virginiaproperties4sale.com


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