Wednesday, May 30, 2012


As statistics show more banks are moving their foreclosed property at a significant price reduction and Nevada County is no different. The top ten places in America to buy foreclosed property according to RealtyTrac are....

In the top spot is Kansas City, Missouri, where the average foreclosure sales price is $73,257 compared to $101,710 a year ago.

Boston earned the number two spot with an average foreclosure sales price of $195,672 compared to $203,606.

Pittsburgh came in at number three. The average foreclosure sales price is $73,142; last year, it was $82,928.

At fourth place, Tulsa has an average foreclosure sales price of $86,725 compared to $113,969 last year.

San Francisco earned the number five spot. A pricey city to own a home, San Francisco foreclosures averaged $307,803, down from last year’s average of $317,409.

Cape Coral-Fort Meyers, Florida is sixth best place to buy a foreclosure, and averaged at $102,022, with last year’s sales prices at $93,976.

Charlotte ranked number seven and averaged $118,808 for foreclosed homes. Last year, the average was $144,614, also with a 38 percent discount.

Tucson, Arizona was number eight at $112,660 compared to $129,500 last year.

Seattle foreclosures averaged $212,565, a drop from the year ago price of $237,852.

The number 10 spot went to Columbus, Ohio, where the average sales price is $98,223, falling from $101,152 last year.

Scott Hopper - Realtor, 530.477.2277

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