This 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.
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