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…..
| 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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