Homes for Sale and Real Estate Information
Yesterday I posted about what is going on with Frederick County short sales and foreclosures,and today I will show you the stats for Washington County short sales and foreclosures. The bank mediated numbers shown in the first chart includes both short sales and foreclosures.
Bank mediated sales breakdown into short sales vs. foreclosures
Median home price compares in bank mediated vs. regular sales
Average Days on Market bank mediated vs. regular sales
The final numbers for Frederick County short sales and foreclosures for August are in. The bank mediated numbers shown in the first chart includes both short sales and foreclosures. The chart after that shows you how the bank mediated sales breakdown into short sales vs. foreclosures.
The price gap between regular sales and bank mediated sales increased in August. In July there was a swing of almost $80,000 between the two, and for August the gap increased to over $100,000.
The numbers are in for August, and the number of SOLDS is virtually unchanged compared to the same time last year in the North Region which includes Washington and Frederick Counties. In August we saw 690 SOLDS in our region vs. 693 for August 2011. These numbers are up slightly from the July numbers, when we saw 652 SOLDS.
Median home prices were up to $180,000 from $175,750 in July. That’s nice growth from a 3 year low of $145,000 in January of this year, but we are still a long way from the 5 year high of $236,325 in September 2007.
Another positive sign is the average days on market. We are down to 96 days from a 5 year high in February 2009 of 149 days.
Yesterday I posted about what is going on with Frederick County short sales and foreclosures,and today I will show you the stats for Washington County short sales and foreclosures. The bank mediated numbers shown in the first chart includes both short sales and foreclosures.
Bank mediated sales breakdown into short sales vs. foreclosures
Median home price compares in bank mediated vs. regular sales
I keep an eye on what is going on with Frederick County short sales and foreclosures, so I can see how they are possibly having an effect on the prices of regular sales. Luckily, both Frederick County and Washington County have a relatively low number of foreclosures. The lowered interest rates and more affordable prices are enticing some buyers out, and fewer foreclosures are driving more of them to traditional sales. The bank mediated numbers shown in the first chart includes both short sales and foreclosures. The chart after that shows you how the bank mediated sales breakdown into short sales vs. foreclosures.
There is still a nice price gap between regular sales and bank mediated sales. We have a swing of almost $80,000 between the two.
The numbers are in for July, and we have seen an uptick in SOLDS compared to the same time last year in the North Region which includes Washington and Frederick Counties. In July we saw 652 SOLDS in our region vs. 637 for July 2011.
We did see a slight decline in the median home price vs. the numbers for June, but the median price has rebounded from a recent low of $145,000 in January 2012 back up to be very close to the median price in August 2009.
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