Maryland Foreclosures are Available for First Time Home Buyers
Maryland foreclosures available for purchase number around 12,518, a figure less than their neighbors Pennsylvania and Virginia, but somewhat more than West Virginia and Delaware. The average price for these homes is $154,000.
Maryland has an unemployment rate of about 2% below the overall US rate as of late. The federal workforce represents a significant portion of the population surrounding Washington, DC, which creates a more stable employment picture there.
The overall price for foreclosed houses has shown improvement is some locations, including:
* The average price of Baltimore foreclosures increased by 1.47% during the last month. There are currently 1,642 foreclosed homes listed for sale at an average price of $119,900.
Several other cities or towns that have seen a decline – some substantial – in the settled priced of foreclosed homes over the last month:
* The average price of Silver Spring foreclosures fell by 10.81% during the last month. There are currently 453 foreclosed homes available to purchase at an average list price of $199,800.
* The average price of Bowie foreclosures fell by 26.01% during the last month. There are 422 foreclosed homes on the market at an average price of $229,000.
* The average price of Glen Burnie foreclosures fell by 13.91% during the last month. There are 171 foreclosed homes on the market currently at an average price of $155,100.
* The average price of Gwynn Oak foreclosures fell by 19.29% during the last month. There are currently 120 foreclosed homes listed for sale on the market at an average price of $198,500.
* The average price of Laurel foreclosures fell by 20.63% during the last month. There are 302 foreclosed homes currently on the market at an average price of $203,400.
Maryland is a state rich in history and attractions. The Star Spangled Banner was written from a ship in Baltimore Harbor as the British attacked Baltimore in September 1814. The bloodiest day in the American Civil War occurred in Sharpsburg, Maryland, when over 23,000 casualties fell at the Battle of Antietam.
Although the outcome of the battle was inconclusive, it allowed Lincoln to issue the Emancipation proclamation five days later, freeing the slaves throughout America and the Confederacy.
Maryland also has outstanding beaches centered at Ocean City and the Chesapeake Bay, a center for sailing, fishing, crabbing and duck/goose hunting. With major league baseball, football, hockey and basketball in Baltimore and neighboring DC, there is a wide variety of sporting events. Maryland foreclosures are readily available and priced to sell.
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