According to RealtyTrac, the most recent foreclosure stats for Hall County are as follows;
1 in every 224 housing units received a foreclosure filing in July 2010.Â Gainesville had 188 of the 294 foreclosure fillings in Hall County for the month of July with Flowery Branch having 59.Â
foreclosure rate as compared to state and national averages shows that by taking the total number of homes receiving filling notices in July and dividing this by the total number of homes we find that Hall County's foreclosure rate is .45% as compared to Georgia at .32% and the U.S. at .25%.Â The indicated trends show that foreclosure fillings are still Rising in Hall County as well.
Where in Hall County do foreclosures represent the biggest savings?Â In Gainesville the average foreclosure sale represented a savings of almost 20 percent from the average sales price of a non-distressed property sale in the month of July.
How do average sales prices and average foreclosure sales prices differ
in Gainesville, GA?Â They differ by $30,436.Â Foreclosure, REO or bank owned purchases, are truly where the value is in today's home market.Â