Carlisle Foreclosures

Facts about the Carlisle, MA Foreclosures

Carlisle is located in Middlesex County and is about eight miles from the south-southwestern corner of Lowell. It is less than 20 miles northwest of the city of Boston and borders Concord, Acton, Bedford, and Billerica among other towns.

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Conservation land is a massive part of the town’s makeup. Numerous activities are available for the residents to enjoy, including visiting the Great Brook Farm State Park, Great Meadows National Wildlife Refuge, and the Concord River.

The town has a library, bookstores, shopping areas, and some auto repair shops. It also celebrates the Old Home Day, which has been a yearly activity for more than 100 years now every July. It is a public event with free where games and events are open to everyone, including kids.

When it comes to real estate, the median home value in this town is more than $794K. The values of the properties here have gone up to precisely 1.2% since last year. Experts predict the prices will rise almost two percent before the next year.

The real estate market in this area is pretty stable, although some people are delinquent on the mortgage. Compared to the national average, the town has a low number of delinquencies with just 0.4% whereas the US has an average of 1.6%.

Foreclosures are a huge factor that can have an impact on how the homes’ prices are perceived over the next several years. In this town, there are more than 12 foreclosed homes for every 10,000, which is much higher than the US value of just 1.6. Nevertheless, the percentage of homeowners in this town that is underwater on their mortgage is only two percent. It is much lower than the whole Boston Metro, which has more than six percent.

Short Sale Information

Distressed properties that include foreclosed and short sale properties have remained active in the real estate market, especially during the start of 2018. Last year, the homes in this area had a median list price for every square foot at $266. In March 2018, the properties have increased in per square foot value with the median list price now at $278/SQFT.

A few homes were up for sale by owners starting from January this year. For instance, a single-family home with 960 square feet of living space got sold in less than 30 days. It has two bedrooms and two bathrooms. It asked for $301,900, and it was a property situated at 178 Virginia Farme Lane. The home was built in the 70s, and one of its selling points was its location.

The property is near several schools, including the Byam School in Chelmsford and the educational institution named after the town. This particular home is in a place that has an average price of $838,459 for similar properties.

Another house that was recently sold after a short sale is at Concord Street. The single-family home has three bedrooms and two baths with an asking price of $299K. Some condo units are also up for short sales in this town, and many of them have excellent facilities and amenities, including private decks, views, and even some useful kitchen appliances.

Bank Owned Properties in This Town

A distressed property, such as one that is already owned by the bank, can be beneficial for those who want to become a homeowner but cannot afford the high prices. Bank-owned homes are money-saving opportunities that you may be able to find in this town, especially if you know where to look. Locating them can be a little tricky, which is why it pays to have all the help you need, including the list of such properties.

When the bank owns the home, it means that the previous owner of the property can no longer pay his or her debts. Often, an actual auction will be scheduled, which is where you may want to look for the home that you would like to purchase. If the bank cannot sell the property during the auction, it will take the house back, which is a process that involves foreclosed deeds.

In this town, the number of foreclosed homes has increased for almost two years now. In fact, more than 12 petitions were filed in January alone, which is more than a 13% increase from last year. Many people, including the investors, believe that the number will keep rising as this year progresses.

Auctions, on the other hand, are among the most volatile statistics in general. So far, this year has the numbers increasing with all the others at a consistent pace. Finally, the deeds are expected to hike up as the petitions grow as well. It should not come as a surprise since this aspect has been steadily rising every year for almost a decade now. In fact, February 2018 marks the 18th consecutive month where the numbers of deeds have increased.

With the foreclosed homes continuously swelling in Carlisle every year, it may be encouraging for many homebuyers to seek for such property. Investors may also be interested in buying these homes, especially those who want to make a fortune out of them as quickly as they can.

The town expects a big surge in real estate owned (REO) properties, which may be a great opportunity for people who want to buy a home that can provide them with huge discounts of up to 50% of the average prices in the area.

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