The number of foreclosures in Virginia nearly tripled in July from a year ago and rose in the District and Maryland as well.
Virginia had the 10th most foreclosures in the nation during July, with 5,745.
Fairfax County had the highest foreclosure total in Northern Virginia, at 1,731. Prince William County’s foreclosures declined from June, with its total of 1,266 down 17 percent.
Fairfax and Prince William accounted for more than half of Virginia’s foreclosures.
In the District, there were 559 foreclosures in July, an 8 percent increase from June.
“Over the last few months, the activity has definitely been escalating in Northern Virginia and the D.C. area,” said Daren Blomquist, a spokesman for RealtyTrac, the California foreclosure tracking company that released the data yesterday.
Maryland was No. 17 in the nation with 3,104 foreclosures, a 72 percent increase since June and 40 percent increase from July 2007. The number of foreclosures for Montgomery and Prince George’s counties more than doubled from June to July.
Nationwide, foreclosures rose 55 percent from July 2007 and 8 percent from June.
Still, prices and sales of homes are declining faster in the Washington area than they are nationwide.
The median price for a single-family home in the Washington region has declined 16.8 percent from a year ago to $370,300, compared with a 7.6 percent drop nationwide in the median price of an existing single-family home to $206,500, according to the National Association of Realtors.
Existing home sales were down 30 percent from a year ago in Maryland, 28.2 percent in the District and 8.1 percent in Virginia. Sales were down 16 percent nationwide.
