Foreclosure in Hicksville>Question Details

Ed Hodkinson, Real Estate Pro in 11714

My question is regarding REO's in the town of Wantagh NY. What is the average selling price difference between a foreclosed home and one thats not?

Asked by Ed Hodkinson, 11714 Fri Jan 4, 2013

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Take a look at http://www.reoprep.com and look up the stats by zip code. You should see all the ratios.
0 votes Thank Flag Link Mon Jan 7, 2013
Hi Ed, very general question as you aren't comparing ranches to ranches, 3 bedrooms to 3 bedrooms etc.. But for 2012 there were a total of 204 re-sale (not REO or short sale) closings in Wantagh with an average value of $406,958. REO's on the other hand show only two closings in Wantagh last year for an average price of $364,772 ($284,544 & $464,900). I wouldn't draw many conclusions from the data though due to the paucity of REO closings.
Tom Brady SFR, e-PRO, SRES, GREEN, BPOR
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Tom@BradyFamilyRealty.com
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#1 Listing & Selling Brokerage in NY
Charles Rutenberg Realty, Inc.
255 Executive Drive - Suite 104
Plainview, New York 11803
0 votes Thank Flag Link Sat Jan 5, 2013
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