Edgewater Foreclosures: Do Buyers Save Money?

RealtyTrac: Edgewater Foreclosure/Non-Distressed Sales Comparison
RealtyTrac: Edgewater Foreclosure/Non-Distressed Sales Comparison

Many potential homebuyers will consider buying a foreclosed home because conventional wisdom says they will be able to purchase a home at a discount. Yet are foreclosures in Edgewater sold at a reduced price?  

When looking at the median sales price, Edgewater foreclosures are sold 34% less than the average non-distressed home (not a foreclosure or short sale.)  According by RealtyTrac, the nation’s largest foreclosure reporting firm, in September of 2013, the median sale price of a non-distressed home in Edgewater was $364,000; while the median sales price of an Edgewater foreclosure was $240,000; a 34% reduction or $124,000.   

While quite a reduction, it’s less of a discount than the entire state of Maryland (38.5%) but more than Anne Arundel County as a whole (30.2%.) 

To find foreclosures listed for sale in Edgewater and throughout Maryland or any home listed for sale in any Maryland county, visit  http://www.marylandproperties4sale.com/AnneArundel/  .


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »