Foreclosures and Short Sales plummet in 2013

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Foreclosures (FC) and Short Sales (SS) in Essex County accounted for 8% of Single Family Home (SFH) sales in 2013, down from 14% in 2012. In condos FCSS were 10% of the market, down from 21% in 2012.

While Lynn still had the highest percentage of FCSS sales in 2013, the numbers there dropped from 30% to 12% for SFHs and from 49% to 25% for condos.

Here are the numbers by city and town for the North Shore, and for Essex County and Massachusetts overall. First SFHs:

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

and for condos:

Source: MLS, Oliver Reports

Source: MLS, Oliver Reports

If you are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 781.631.1223 or andrew@HarborsideRealty.com.

Andrew Oliver is a Realtor with Harborside Realty in Marblehead