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Berkeley County WV - Martinsburg Foreclosure market report July 2009

Here is snapshot of what the Berekeley County/ Martinsburg West Virginia Foreclosure market currently looks like. Also included is the short sale properties in the Martinsburg area.

Currently there are 1160 active residential listings in Berkeley County WV. Of these

99 are Foreclosures (8.5%)

108 are Short Sales (9.3%)

Currently 182 are under contract which:

68 are Foreclosures (37%)

48 are Short Sales (26%)

In June 124 residential properties sold which:

43 were Foreclosures (35%)

9 were Short Sales (7%)

In May 101 residential properties sold which:

50 were Foreclosures (50%)

9 were Short Sales (4%)

In April 33 residential properties sold which:

11 were Foreclosures (33%)

5 were Short Sales (15%)

From this data it shows that although foreclosures only represent less than a tenth of the market inventory in Berkeley County, it represent a large percentage of the properties that are actually selling.

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Posted Friday Jul 31