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Washington County, MD Foreclosures & Short Sales Update Rev. 8/9/11

By
Industry Observer with Retired

Washington County, MD Foreclosures & Short Sales Update Rev. 8/9/11

There are 881 homes for sale in Washington County, MD.  38 (4%) of the active listings are lender owned foreclosures and 124 (14%) are short sale pre-foreclosure offerings.
 
Lender Owned Homes:   
 
 
Short Sale Pre-foreclosures:   
 
 
Washington County, Maryland Real Estate Market Statistics:  During June, 2011, there were 134 closed sales and the average sold price was $152,279, down 13.04% from last year, with an average of 136 days on the market. The median sold price was $140,000, down 9.65% from last year.  The average sold price was 86.45% of the average original list price.   
 
The real estate statistics for the past month may be viewed by clicking on the following link.   http://www.rbintel.com/statistics/washington-county-md  The statistics are updated on the tenth of each month.  

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Home buyers that plan to use mortgage financing should obtain pre-approval for financing as the first step in the purchase process. The same advice applies to investors. Those without a pre-approval are not considered to be serious purchasers. Please ask for a referral if you do not have an existing relationship with a mortgage lender.t

Please contact us with your real estate questions. Your referrals of friends and family members will always be appreciated.

 Blooming for Maryland home buyers!

Posted by

Roy Kelley, Retired, Former Associate Broker, RE/MAX Realty Group

Gaithersburg, Maryland  

Show All Comments
Vickie Nagy
Coldwell Banker Residential Real Estate - Palm Springs, CA
Vickie Jean the Palm Springs Condo Queen

Glad to see that your market is not hampered by an overabundance of bank owned homes. It's a great position to be in.

Aug 09, 2011 04:25 AM
Roy Kelley
Retired - Gaithersburg, MD

Thanks for your comments, Vickie.  It is a summer of great opportunity for Maryland home buyers.  Prices are attractive and the interest rates have been very low.

Life is good in Maryland!

Aug 09, 2011 07:06 AM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

Roy - Great job on making the short sales and foreclosures available to area buyers. I hope some of these get sold.

Aug 09, 2011 09:17 AM
Judi Boad
ACCURATE REALTY GROUP - Seattle, WA

Hi Roy~ It is a great opportunity for buyers in Maryland and across the country. Being qualified, buying within your means, with a long term hold strategy combined with today's low interest rates, make it a perfect time to contact a local real estate professional to assist with the purchase of a new home!

 

Aug 09, 2011 09:22 AM
Judith Parker
ProStead Realty - Charlotte, NC
CRS, GRI, CMRS, Charlotte, NC

Hi Roy, very nice and informative post on short sales and foreclosures in your area.  You also provided some good stats.  Good job!  Also, thank you for re-blogging my Black-Eyed Susan post.  Have a nice evening!

Aug 09, 2011 03:21 PM
Carl Winters
Canyon Lake, TX

Roy: You always supply such good information for folks in your area. I always like to stop by on a daily view of your beautiful flower photos.

Ceil Winters   Canyon Lake Texas

Aug 09, 2011 03:45 PM
Roy Kelley
Retired - Gaithersburg, MD

Good morning for all.  Thanks so much for your comments.  Home buyers are taking advantage of the bargains in the inventory of lender owned foreclosures in Maryland.

Life is better when there are flowers to photograph.

Aug 09, 2011 11:11 PM
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