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 Westminster sold at a reduced price?
When looking at the median sales price, Westminster foreclosures are sold 40% 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 for the Westminster zip code of 21157 the median sale price of a non-distressed home was $255,000; while the median sales price of an Westminster foreclosure was $152,000; a 41.6% reduction or $103,000.
In contrast this is a higher percentage then Carroll County(28.4%) and Maryland (38.5%.) For the Westminster zip code of 21158 the foreclosure discount was 28.8%.
To find foreclosures listed for sale in Westminster and throughout Maryland or any home listed for sale in any Maryland county, visit http://www.marylandproperties4sale.com/carroll-county/ .