Distress sales in 2010
Foreclosures and short sales -- but particularly foreclosures -- were a sizable chunk of the Baltimore region's housing market last year. Nevada we're not, but distress sales increased across our metro area.
Here's the breakdown for 2010, with numbers pulled by Joseph T. "Jody" Landers III of the Greater Baltimore Board of Realtors from Metropolitan Regional Information Systems' multiple-listing service:
| Foreclosures | Short sales | Distress sales as a % of total | YoY chg in foreclosures | YoY chg in short sales | |
|---|---|---|---|---|---|
| Anne Arundel Co. | 801 | 371 | 24% | 52% | 6% |
| Baltimore City | 1,811 | 323 | 40% | 62% | 66% |
| Baltimore Co. | 1,146 | 399 | 25% | 54% | 27% |
| Carroll Co. | 183 | 102 | 22% | 40% | 38% |
| Harford Co. | 521 | 179 | 28% | 112% | 38% |
| Howard Co. | 331 | 241 | 20% | 44% | 12% |
| Balt. metro area | 4,793 | 1,615 | 28% | 60% | 26% |
The number of Maryland mortgages in default moved downward last year after several years of rapid escalation, as colleague Lorraine Mirabella reports.
How have you been affected by foreclosures and short sales -- if at all?
Posted by Jamie Smith Hopkins at 6:00 AM | Permalink
| Comments (1)
Categories: Distress sales, Housing stats, The foreclosure mess
Categories: Distress sales, Housing stats, The foreclosure mess
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Comments
I'd love to see the REO's accounted for.
Especially so, the ones not even listed for sale.
Posted by: MrRational | February 18, 2011 12:20 PM