25 Foreclosures For Sale in Frederick County, Maryland

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25 Foreclosures For Sale in Frederick County, Maryland

There are 860 homes for sale in Frederick County, Maryland based on the active listings in the Multiple Listing Service (MRIS).  25 (2.9%) are lender owned foreclosures (REO).  149 (17.3%) are short sale pre-foreclosures.

So, when looking at the overall market for Frederick County, the foreclosures for sale represent a very small fraction of the available inventory.  The short sale pre-foreclosures  offerings tend to distort the listing inventory because many of them will never go to settlement.  Unrealistically low prices on short sales will usually attract offers that are below the amounts that the secured lenders will approve and many short sale sellers fail to provide the documentation that is required by the lenders for the needed third party approvals.  

Home buyers and home sellers should study the statistics for specific neighborhoods when setting home prices or making offers on listed properties.  As exclusive agents for our clients, we provide the information that is needed for good decisions.

Home buyers need to be aware of the physical condition of properties they are considering.  Many of the lender owned foreclosures and short sale pre-foreclosures have deferred maintenance or repair requirements.  Frequently, renovation financing such as the excellent FHA 203(k) program is needed to allow purchasers include the fix up costs in the amount of the mortgage loan.

Home buyers, including investors, that plan to use mortgage financing should have a pre-approval letter from their lender in hand before looking at properties.  Your buyer agent is the best source for a referral to a mortgage lender.  The mortgage interest rates are still at record low levels.

The current list of lender owned foreclosures has a price range from $310,000 down to $85,000.  The REO list is a good place to start when seeking well prices properties and highly motivated sellers.  

25 Foreclosures For Sale in Frederick County, Maryland

Please contact us when you have questions on the local real estate market in Maryland.

Frederick County, MD  Real Estate Market Statistics for Frederick County, Maryland:   

During January, 2012, there were 120 closed sales, down 13.04% from last year.  The average sold price was $227,646, down 8.85% from last year, with an average of 135 days on the market.  The median sold price was $196,450, down 10.48% from last year. The average sold price was 88.27% of the average original list price. 

There are many things to see and much to do in Frederick County.  Be sure to have your camera in hand to capture the special moments when you are out and about in your community or during your travels.

Longwood Gardens Orchid House IMG_2343

Photograph by Roy Kelley.  Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Posted by

Roy and Dolores Kelley Photographs

Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

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Ambassador
1,498,536
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Roy, a good market report on Frederick County, Maryland.  Great information for home buyers and sellers in Frederick County Maryland.  Have a great Monday!

Feb 13, 2012 01:18 AM #1
Rainmaker
2,999,348
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Good Morning Roy, Fantastic market report that does a great job in explaining the different type of Listings. You do a good job with teh short sales in that most are priced to low, as you may only have one chance to get it right, most will head to foreclsoure due to inexperienced agents handling them. Have a great Monday.

Feb 13, 2012 01:20 AM #2
Rainer
117,035
Linda Edelwich
William Raveis Real Estate - Glastonbury, CT
Glasotnbury Office's #1 Top Producing Agent-not on

With prices down from last year and interest rates still low - looks like a great time to buy!

Feb 13, 2012 01:22 AM #3
Rainmaker
5,383,493
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for your comments.  It is a wonderful time to purchase real estate in Frederick County, Maryland.


Feb 13, 2012 04:41 AM #4
Rainmaker
1,434,008
Yolanda Cordova-Gilbert
Richmond, TX

Roy,

          You are certainly a great ambassador for your area. You make people realize they are many things to do in that area! The prices are really good for the area I was surprised to see them that low! Thanks for sharing.

Feb 13, 2012 04:50 AM #5
Rainer
308,074
Jennifer Chiongbian
Specializing in all types of Manhattan apts & townhouses - Manhattan, NY
Real Estate Broker - NYC

Wow, almost 20% is a short sale..that is really so sad because that is such a real state of our dissmal economy.

Feb 13, 2012 05:14 AM #6
Rainmaker
2,050,768
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Roy,

Excellent market report for your area. You really do a great job of promoting that whole area.

Feb 13, 2012 06:12 AM #7
Rainer
535,474
David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

Roy, great Market report. Thanks for sharing and of course the flower photo is wonderful.

Feb 13, 2012 06:17 AM #8
Rainmaker
5,383,493
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good afternoon to all.  The affordable prices and the quality of life in Frederick County, Maryland attract many families that work in the Washington, DC area.

Feb 13, 2012 06:41 AM #9
Rainer
284,191
Keith Gilkey
Re/Max Chesapeake - Elkton, MD
410-920-7214, Re/Max Chesapeake

Roy, Your area seems to be a bit better than ours. Great photo today and thanks for sharing!

Feb 13, 2012 07:35 AM #10
Rainmaker
5,383,493
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good afternoon Keith.  The suburban Maryland market that surrounds Washington, DC differs much county by county.  There are many choices for home buyers that are transferred to the area.

Feb 13, 2012 07:49 AM #11
Rainmaker
1,333,748
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Roy - You don't have very many distressed sales in your area, that is great.

Feb 13, 2012 03:16 PM #12
Rainmaker
841,108
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

A great report indeed.

Feb 13, 2012 09:17 PM #13
Rainmaker
841,108
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

A great report indeed.

Feb 13, 2012 09:18 PM #14
Rainer
147,642
Michael S. Bolton
Michael S. Bolton,Inc. - Zimmerman, MN
MN Appraiser

Roy~The Frederick County market is similar to some the markets I work in, although the short sale inventory maybe a little higher. I agree about the short sale listings distorting the market with the unrealistic listing prices.

Have an awesome day!

Feb 13, 2012 10:32 PM #15
Rainmaker
5,383,493
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good morning to all.  I always appreciate your comments.  

It is a time of great opportunity for home buyers in Maryland

Feb 13, 2012 11:52 PM #16
Rainmaker
5,383,493
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It is sometimes good to revisit old blogs and reblogs. We might even find some good ideas for new posts.

Mar 13, 2018 01:34 PM #17
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