The first quarter of vacation home sales showed a large amount of dsitressed properties selling. Below is a chart showing the vacation home sales in Calvert County:
The second quarter of 2010 had more than double the sales of the first quarter but very few of the sales were distressed.
Foreclosures are expected to rise this year so it will be interesting to see if this trend changes. Many banks I am working with are beginning to fix up the homes before they are put on the market.
If you are interested in viewing bank properties in the area view listings on my website: www.SmdBeach.com
Phyllis Minik, Western Shore Realty, LLC, www.WesternShoreRealty.com
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Specializing in Property Management including vacation rentals in Calvert County and St Marys County. Including Solomons, Dowell, Lusby, St Leonard, Leonardtown, North Beach and Chesapeake Beach.
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