Looking for a bargain vacation home near the beach?

dennis-norman-st-louis-realtor-My family is definitely a beach-loving family! Most of the trips and vacations our family has been on over the years have included beaches and both of our children’s first trips as infants were to the beach. So, I guess it is safe to say our family loves beaches and we are not alone! There is always demand for homes in beach communities even during the real estate bust. Some areas, like Sarasota, Florida, are already seeing prices increase on homes located on or near the beach. Did you wait too late to buy that second home or vacation home in a beach community? Well, according to a report just released by RealtyTrac, there are still some bargains to be found out there! Where? Well, read on…..

Source: RealtyTrac

Metro Area Q1 2012 Foreclosure Sales % of All Sales Avg Sales Price Avg Foreclosure Discount %
Sebastian-Vero Beach, FL 227 21.46 $93,188 45.11
Corpus Christi, TX 152 11.44 $78,851 44.38
Naples-Marco Island, FL 564 16.17 $156,148 40.43
Santa Barbara, CA 537 46.78 $274,077 38.80
Charleston, SC 530 20.42 $159,065 34.42
Hilton Head Island, SC 159 19.78 $202,454 31.14
Atlantic City, NJ 114 12.68 $161,819 30.83
Honolulu, HI 140 6.09 $345,799 30.56
Barnstable, MA (Cape Cod) 151 6.83 $237,405 30.34
Santa Cruz, CA 326 38.81 $355,604 28.17


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