Subscribe to our mailing list

* indicates required Email Address * First Name Last Name Opt-In Date Location

St. Louis Real Estate Search

 

St Louis Foreclosure Sales Increase in 2nd Quarter; account for 1 of every 4 home sales

St. Louis REALTOR, Dennis NormanThis morning, RealtyTrac released it’s Foreclosure Sales Report for the St. Louis metro area for the 2nd quarter of 2011 which showed there were 2,138 REO’s (banked owned) and Pre-Foreclosure (short sales and other sales of property with loans in default) during the quarter which is a 4.86 percent increase from the prior quarter and a decrease of 6.64 percent from a year ago.

To find foreclosures in your area click here.

Highlights from the RealtyTrac 2nd Quarter Foreclosure Sale Report for the St. Louis metro area:

  • The average sales price of a foreclosure sale home was $80,067 which represented a 43.40 percent discount from a non-distress sale
    • For the U.S., the average sales price was $164,217 and the average discount 33.09 percent.
  • Of the 2,138 foreclosure sales during the quarter, 684 were pre-foreclosure sales and sold at an average price of $95,243 which is a 32.67 percent discount.
    • For the U.S., the average sales price was $192,129 and the average discount 20.51 percent.
  • Of the 2,138 foreclosure sales during the quarter, 1,454 were REO’s and sold at an average price of $70,356 and an average discount of 50.26 percent.
    • For the U.S., the average sales price was $145,211 and the average discount 39.92 percent.

Comments are closed.