Home > Blogs > 10 Best Places to Buy a Foreclosure in 2013
448,094 views

The Cascade Team's Blog

Real Estate News

By The Cascade Team Real Estate | Broker in Issaquah, WA

10 Best Places to Buy a Foreclosure in 2013

More Technology, Service & Marketing

Follow & Review Us On: Connect on Facebook Follow Us On Twitter YouTube Channeltrulia-vip_120

Daily Real Estate News | Thursday, January 31, 2013

If you’re looking for big foreclosure deals, Florida may offer the most, according to a a new study by RealtyTrac. Palm Bay, Fla., topped its list of the best places to buy a foreclosure in 2013. Foreclosures accounted for nearly 24 percent of all sales in Palm Bay last year, and buyers tended to pay 28 percent less for a home in foreclosure than other homes. 

The following are the markets with the high number of foreclosures available and some of the largest price discounts for foreclosures, according to RealtyTrac.

  • Palm Bay, Fla.

Average foreclosure discount: 28 percent

  • Rochester, N.Y.

Average foreclosure discount: 26 percent

  • Albany, N.Y.

Average foreclosure discount: 35 percent

  • New York City

Average foreclosure discount: 40 percent

  • Lakeland, Fla.

Average foreclosure discount: 15 percent

  • Tampa, Fla.

Average foreclosure discount: 27 percent

  • Jacksonville, Fla.

Average foreclosure discount: 32 percent

  • Poughkeepsie, N.Y.

Average foreclosure discount: 28 percent

  • Orlando, Fla.

Average foreclosure discount: 19 percent

  • Chicago

Average foreclosure discount: 46 percent

Source: “Best Places to Buy Foreclosures,” CNNMoney (Jan. 31, 2013)

The Cascade Team Real Estate

Home prices are beginning to rebound with some areas increasing from 3% to 16% over the past 12 months. If you have not done an accurate check of your homes value in the past year, our FREE On-Line Home Value Analysis tool allows you to see exactly what your home value is doing.It’s not a guess or Zestimate like Zillow. These are actual Sold, Pending and Active prices. You can also see what home inventory levels area doing, closed sale price vs asking price and more! Click Here to get the report emailed to you.

It’s not a guess or Zestimate like Zillow. These are actual Sold, Pending and Active prices.  You can also see what home inventory levels area doing, Closed Sale price vs/ Asking Price and more!

It's absolutely FREE and there is no obligation. Fill out the form HERE to receive a real time MLS report on active and sold home in your area.

The Cascade Team Real Estate

logo-outrageous_120

POST
 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer