York County foreclosure sales on the rise
Jason Scott
RealtyTrac reported that 153 York County properties in some stage of foreclosure or bank-owned were sold during the third quarter, an increase of 20.5 percent from the previous quarter and a 10.9 percent hike from the third quarter of 2011.
York County had the fifth most of these sales out of all Pennsylvania counties. Allegheny County had the most at 445, followed by Philadelphia County at 414, Delaware County at 267 and Bucks County at 200.
These York County properties sold for an average of $130,891 in the third quarter, a 4.7 percent decrease from the second quarter, but up 23.9 percent from the same year-ago quarter.
In Pennsylvania, more than 2,500 homes in foreclosure or bank-owned were sold in the quarter, according to RealtyTrac. That was up 27.3 percent from the second quarter and 1.4 percent from last year's third quarter.
U.S. sales of more than 193,000 were up nearly 21 percent from last quarter, but down almost 3 percent from the same year-ago quarter.
Across Central Pennsylvania, foreclosure sales were up everywhere for the quarter, with the exception of Cumberland County.
Cumberland County saw drops of 20 percent and 23.1 percent compared with the last quarter and third quarter of 2011, respectively, according to RealtyTrac.
Of all third-quarter sales in Lancaster County, only 6.4 percent were tied to foreclosures. That was the lowest in the five-county area.
Cumberland County was second at 6.6 percent, followed by Dauphin County at 8 percent and Lebanon County at 10.5 percent.
Lebanon County has the least amount of sales linked to foreclosure or bank-owned properties. There were just three reported sales of this nature in the past two quarters, according to RealtyTrac.
Click here to see a breakdown of the data.
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