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Rising Sales Prices in Woodbridge, Virginia: The Time to Buy a Foreclosed Home is Now
Woodbridge, Virginia is home to Stratford University. With a population of only 39,398, it is a large city with small-town attitudes. The cost of living may be high, 6% above national average, but there is only an unemployment rate of 3.5%, significantly below the national average. Currently, there are 1,656 resale homes, 21 new homes, and 6,866 foreclosures on the market. There are also 1,149 homes within the pre-foreclosure and auction stages of foreclosure. Median home values have appreciated, by 9.9%, to $235,386 as of May 2010. The median sales price, though, have rose an astonishing 28% to $231,500. Now is the best time to buy a home off of the foreclosure listings.