I just wrote on Shak & Jill about how Fairfax County, Virginia is addressing the foreclosure problem head-on by finding budgetary money to outright buy the homes, then providing financing to new buyers who include firefighters, teachers, police, and other families. I strongly suspect that LaVergne doesn’t have the capability of doing this, but do wonder if there’s some type of Federal grant that can be found with this objective in mind. If funding was available, what a brilliant way to shape our community into the affordable arts/ professional community we’d love to show off! Someone look into that, okay?
Meanwhile, here are the June housing numbers for LaVergne.
Active Listings
413 Homes on the Market
Least Expensive: $41,200 on Minerva. 1075 square feet, 3 bedrooms, 1 bath, needs work
Most Expensive: $525,000 in Hampton Road Estates. 4500 square feet, 3 bedrooms, 3.5 baths, McMansion
40 Pending (under contract but not yet closed). Prices range from $91,900 to $385,728
June 2008
59 Closed. Prices range from $70,300 to $449,900
June 2007
69 Closed. Prices range from $22,000 to $381,258
January 1 - June 30, 2008
387 Closed
January 1 - June 30, 2007
287 Closed
The bad news is that of the 59 homes that closed last month, 20 (twenty) were foreclosure, short-sale, or bank-owned sales. That’s about 33.8% of the homes in LaVergne were distressed sales.
Filed under: Housing, Real Estate
[...] For a side-by-side from last June to July, here’s the June post. [...]