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Anne Arundel Today

Friday, November 22, 2024

Analysis: Anne Arundel ranks No. 11 in foreclosures among state’s urban counties

Foreclosuresign

Wikimedia Commons

Wikimedia Commons

Anne Arundel County had the 11th highest foreclosure rate among Maryland’s urban counties, according to an ATTOM Data Solutions analysis of property data.

One in 433 properties in the county, which is part of the Baltimore-Columbia-Towson Metropolitan Statistical Area (MSA), started the foreclosure process during the first quarter of the year.

The data shows 506 properties in Anne Arundel County with a foreclosure filing during the first three months of 2018. The county has more than 219,000 housing units. The foreclosure rate in the county is down 10.44 percent from the end of 2017 and down 17.18 percent from a year ago.

Prince George’s County in the Washington-Arlington-Alexandria metro area recorded the highest foreclosure rate (1 in 221 properties) for Maryland MSAs during the first quarter. And Frederick County, which is also part of the Washington metro area, had the lowest foreclosure rate for Maryland MSAs (1 in 1,115 properties). 

In all of Maryland, 6,286 properties started the foreclosure process in the first quarter – a 7.42 percent decrease over the fourth quarter of 2017 and a 25.65 percent decrease from this time last year.

Metropolitan statistical area foreclosure rates

Metro Statistical AreaCountyPopulationHousing UnitsQ1 2018 Properties with Foreclosure FilingsForeclosure Rate (Housing Units Per Foreclosure Filing)Change from Q4 2017 (%)Change from Q1 2017 (%)

Washington-Arlington-Alexandria,

DC-VA-MD-WV

Prince George's County897,693330,7081,499221-3.60-0.13
Baltimore-Columbia-Towson, MDBaltimore

City

621,000296,9231,273233-7.49-24.99
Washington-Arlington-Alexandria,

DC-VA-MD-WV

Calvert90,52734,61313126465.82-16.03
Washington-Arlington-Alexandria,

DC-VA-MD-WV

Charles154,35758,0141673548.61-47.77
Baltimore-Columbia-Towson, MDBaltimore 825,666337,0319453575.35-29.99
California-Lexington Park, MDSaint Marys110,67543,276114380-13.6414.00
Baltimore-Columbia-Towson, MDHarford249,77698,277253388-15.10-45.47
Salisbury, MD-DEWicomico101,52741,911107392-12.308.08
Baltimore-Columbia-Towson, MDQueen

Anne's County

48,71220,75449424-28.994.26
Hagerstown-Martinsburg, MD-WVWashington149,57161,199143428-29.90-39.41
Baltimore-Columbia-Towson, MDAnne

Arundel

559,737219,319506433-10.44-17.18
Easton, MDTalbot37,66820,1104544750.0028.57
Cumberland, MD-WVAllegany73,06033,21171468-5.337.58
Salisbury, MD-DESomerset25,89911,24422511-38.89-8.33
Baltimore-Columbia-Towson, MDCarroll167,53563,123103613-27.46-43.41
Cambridge, MDDorchester32,45116,70027619-25.00-34.15
Baltimore-Columbia-Towson, MDHoward308,447115,00318163511.73-30.65
Philadelphia-Camden-Wilmington,

PA-NJ-DE-MD

Cecil102,17542,26962682-39.81-13.89
Salisbury, MD-DEWorcester51,44155,82257979-24.00-51.69
Washington-Arlington-Alexandria,

DC-VA-MD-WV

Montgomery1,026,371385,485390988-15.58-45.45
Washington-Arlington-Alexandria,

DC-VA-MD-WV

Frederick243,46593,645841,115-45.10-71.13
Source: ATTOM Data Solutions

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