Home supply outweighs demand
by Lisa Tome
At the Aiken Avenue entrance to Perryville Elementary School, there are a pair of for sale signs at neighboring homes.
And there's plenty more homes for sale in the town.
According to Town of Perryville staffer Amy Yackanech, homes which were foreclosed by banks have now been put up for sale. "They were foreclosed on three or four years ago and now the banks are selling," she said.
Yackanech, who handles the water billing, estimated that of the 1,500 water bills which are sent out, at least 15 homes are owned by banks due to foreclosure. "We've had a lot of them in the last six months and they are turning over," said Yackanech. She said there have been at least a dozen property settlements in the last six months. "A lot of our older residents have died. We had longtime residents who passed on," she said.
Just a sampling of current properties for sale in the town includes four homes on Aiken Avenue, two on Cecil Avenue, one on Maywood Avenue, one of Front Street, three homes on Elk Street, several at Owens Landing, and a duplex on Roundhouse Drive. On Rustic Court, there are two homes for rent and one for sale.
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