Foreclosures in Hagerstown represent a large percentage of active and sold homes in the real estate market. Many foreclosed homes in Hagerstown offer an opportunity at a great price and with many being in good condition. Since banks are looking to quickly sell many of these homes they will be priced to sell in a short amount of time.
Hagerstown Real Estate Market- Statistics 2nd Quarter 2010 (Washington County)
Currently:
1137 Active Residential properties in Washington County Maryland: 139 of these are Short sale listings
215 Under contract: 63 of these are short sales
Sold:
April- Total:115 Foreclosures:46 (40%)
May- Total:142 Foreclosures:44 (31%)
June- Total:151 Foreclosures:43 (28%)
July- Total:88 Foreclosures:32 (36%)
As you can see foreclosures represent near a third of homes currently being sold in Hagerstown and Washington County Maryland. Although Foreclosures only represent 12% of those currently active.
Contact me to get information on foreclosed homes or a list of properties currently for sale.
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