There were 1,539 Virginia Beach foreclosure homes for sale with 289 new foreclosures in January 2010. The average selling price of a Virginia Beach home was $268,745 in January and the average foreclosure selling price was $203,941, a savings of $64,803, according to RealtyTrac.com.

Virginia Beach Foreclosure Activity and Home Price Index

Home price appreciation was 0.0% with 289 new foreclosures.

Virginia Beach foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

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There were 1,394 Virginia Beach foreclosure homes for sale with 316 new foreclosures in December 2009. The average selling price of a Virginia Beach home was $250,228 in December and the average foreclosure selling price was $224,827, a savings of $25,381, according to RealtyTrac.com.

Virginia Beach Foreclosure Activity and Home Price Index

Home price appreciation was 0.0% with 316 new foreclosures.

 
Virginia Beach foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records. 

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Virginia Beach foreclosure homes continued to rise during the first quarter of 2009 with 305 new Virginia Beach foreclosure filings in April compared to 260 filings in March, according to RealtyTrac.com.

Virginia Beach Foreclosure Activity and Home Price Index

Virginia Beach foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

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