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Annapolis Short Sale Market Report - First Half of 2011

By
Real Estate Agent with Kats and Associates at KW Realty / www.MDShortSaleExpert.com

Although less affected by the downturn in the economy and within the housing market, Annapolis still has a significant portion of Maryland’s distressed properties.

According to recent MRIS data, there were 43 homes sold by Annapolis short sale Realtors, in the first 6 months of 2011, with 61 distressed properties currently on the market.

In comparison, during the same time period, in Baltimore City, there were 190 short sale transactions closed, with over 500 distressed properties still actively being listed by Baltimore short sale agents.

The noticeable difference between Annapolis and Baltimore is not surprising given the concentration of housing and differences in demographics, as well as other social and economic factors. However it is still evident that the Annapolis short sale market is very much active, and presents an interesting opportunity for both buyers and sellers of distressed properties in Annapolis and Anne Arundel County as a whole.

When dealing with distressed properties, a Maryland Short Sale Specialist is an important key to ensuring that a short sale transaction is successful.

As your Maryland Short Sale Expert, I will continue providing you with more news and information on the current state of the short sale market in Annapolis, Baltimore and the rest of Maryland.

 

- Brought to you by your Maryland Short Sale Expert - Vlad Kats

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