RealtyTrak 2011 U.S. Foreclosure Report
Posted By Barry Ritholtz On March 1, 2012 @ 2:15 pm In Markets | Comments Disabled
Click to enlarge:
[1]
Source: Realty Trac [2]
>
RealtyTrak reports that sales of homes that were in “some stage of foreclosure or bank owned” accounted for 24% of all U.S. residential sales during Q4 2011. This is an increase from 20% in Q3, but down from 26% of all sales in Q4 2010.
Total foreclosure-related sales in 2011 were 907,138 — down 2% from 2010. The average sales price of homes in foreclosure or bank owned was $164,944 in Q4, down 5% from Q4 2010.
The average price of a foreclosure-related sale was 29% below the average price of a non-foreclosure sale in Q4. That “foreclosure discount” is smaller than Q3 (34%) and down from 35% foreclosure discount the prior year.
[3]
Source: Realty Trac [2]
>
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2012/03/realtytrak-2011-u-s-foreclosure-report/
URLs in this post:
[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2012/03/22011ForeclosureSales11.png
[2] Realty Trac: http://www.realtytrac.com/content/foreclosure-market-report/q4-and-year-end-2011-us-foreclosure-sales-report-7060
[3] Image: http://www.ritholtz.com/blog/wp-content/uploads/2012/03/2011ForeclosureSales1.png
Click here to print.