Fairfax Foreclosure Rate About Half the National Average

photoForeclosure activity picked up nationwide in August but is still lower than it was a year ago, with Northern Virginia foreclosue activity running about half the national average.

Nationwide, nearly 194,000  properties were the subject of some type of foreclosure filing, an increase of one percent from July but down 15 percent from August 2011.

One in every 681 U.S. housing units received a foreclosure filing during the month, while the rate in Fairfax Couty was one in every 1,346. The heaviest activity was confined to a handful of states.

“Bucking the national trend, deferred foreclosure activity boiled over in several states in August,” said Daren Blomquist, vice president of RealtyTrac. “In judicial states such as Florida, Illinois, New Jersey and New York, this was a continuation of a trend we’ve been seeing for several months now.”

Northern Virginia stable

Northern Virginia remained fairly stable. In August, 296 Fairfax County homes received a foreclosure filing, a rate of one in every 1,346 homes. That was slightly better than Virginia as a whole, which recorded filings for one in every 1,189 homes, according to RealtyTrac.

The Alexandria section of Fairfax County recorded the most filings – 68. Springfield was next with 37, followed by Fairfax City with 22, Reston and Centreville with 20 each, Lorton with 18 and Herndon with 17.

On the other end of the scale, Fairfax Station recorded only one foreclosure filing for the month. Great Falls and Oakton each had four.

Only Arlington County was a more stable Northern Virginia real estate market during August. Arlington recorded only 22 filing during the month, for a rate of just one in 4,791.

Loudoun County had 120 foreclosures, at a rate of one in 912. Prince William had 275 foreclosures for a rate of one in 499, considerably worse than the national average.

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