Midstate foreclosure sales up in 2012
Four of the five counties in the Business Journal’s coverage area saw an increase in the number of foreclosure-related sales in 2012, according to California-based foreclosure listing firm RealtyTrac Inc.
There were 82 properties either bank-owned or in some stage of foreclosure sold in Lebanon County — up from 4 in 2011.
Dauphin County posted 361 sales, which was up 21.1 percent from the previous year. Lancaster County had 498 sales — an increase of about 5.5 percent — while York County reported 755 for an increase of less than 1 percent over 2011.
By comparison, Cumberland County saw a 21.5 percent decrease in 2012 with 153 foreclosure sales, according to RealtyTrac.
Foreclosure-related sales made up about 14 percent of all York County residential sales last year. That was the highest in Central Pennsylvania.
Dauphin County was second at 9.5 percent, followed by Lancaster at 8 percent, Cumberland at 6.3 percent and Lebanon at 5.3 percent.
Foreclosure sales in Dauphin County posted the largest average discount at nearly 44 percent, according to RealtyTrac. The average sale price was $83,489.
York County had the lowest discount price at $122,582, or about 17.6 percent on average.
Pennsylvania saw nearly 13,900 foreclosure-related sales in 2012, an increase of 11.6 percent compared to 2011. They were about 10.7 percent of all sales in 2012. The average discount in Pennsylvania last year was 39.6 percent — a sale price of $113,605.