The city of Alexandria has been fortunate not to have been ravished by foreclosures in the past few years.
This does not mean there are absolutely no foreclosures; even today, there are a few out there.
By few, I mean 6, ranging in price from $135,000 to $704,900 and with an average days on market of 50 days.
The most expensive foreclosure on the market in the city of Alexandria at $704,900 is a fee simple 2 car garage townhouse in Old Town Greens, which is located on the north end of Old Town Alexandria, centrally located near the GW Parkway, Crystal City and Pentagon City. Rumor has it a metro stop will eventually be added at nearby Potomac Yard.
How about Short Sales? We've seen there are not an abundance of bank owned properties in the city of Alexandria, but how about short sales?
A quick search of short sales results in 11 active listings, on the market an average of 154 days and ranging in price from $93,000 to $705,000.
The lowest priced short sale listing is for a studio apartment in Park Place, which is a high rise condominium building located in west Alexandria, right on a public bus line, within walking distance of a public library and pharmacy. It's just minutes to shopping, the Pentagon, DC and the Van Dorn Metro. Amenities include an outdoor pool and a mini mart with dry cleaning service.
As you can see, while there is a wide variety of bank owned and short sale properties - ranging from studio condominium units to 2 car garage townhouses - there are not a lot of distressed properties for sale in the city of Alexandria.
Located just a few miles from the nation's capital, there is no shortage of opportunities for activities, events, shops and restaurants in Alexandria, which makes it a prime destination for folks looking for employment and a rich, vibrant community. Consequently, the area has remained stable throughout the years, as reflected in the low number of foreclosures and short sale listings that are available.
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