ShirLee's Homes4SaleUtah BLOG

ShirLee McGarry's Homes4SaleUtah BLOG, features great articles for consumers, homeowners and Realtors® addressing community, local, state and national real estate news. Articles also include refreshing humor to encourage smiles and support for all real estate warriors in the trenches who do stand out to make a difference in their client's lives in the exciting and challenging world of the Realtor®. Penned by Associate Broker-Realtor®,and Registered Author, ShirLee McGarry® with RealtyPath in Sandy, Utah

Friday, May 27, 2011

28% of Real Estate Sales in Q1 Were Foreclosures


Q1 2001 TOTAL FORECLOSURE SALES







 Average Foreclosure Discount is Nearly 27%









State
# of FC Sales
% ch. from Q1 '10
Pct. of all sales
Avg. price
Avg. discount %






U.S. Total
158,434
-35.79
27.53
$168,321
26.66






Alabama
834
-14.81
20.06
$135,063
20.46
Alaska
134
-27.96
10.9
$230,840
13.83
Arizona
14,274
-20.66
45.19
$128,289
25.34
Arkansas
624
-26.07
17.21
$112,519
25.2
California
44,018
-28.62
45.23
$247,623
33.9
Colorado
4,032
-20.83
29.96
$176,291
29.52
Delaware
246
-12.14
18.54
$158,077
36.18
Florida
25,052
-31.6
32.49
$116,583
27.28
Georgia
3,889
-59.2
27.23
$117,050
32.38
Hawaii
362
-24.58
13.69
$322,317
17.82
Idaho
1,604
-8.19
32.88
$141,845
15.44
Illinois
5,529
-37.72
29.38
$132,983
40.9
Indiana
1,640
-58.35
20.64
$105,914
23.97
Iowa
377
-26.37
6.83
$97,339
29.03
Kentucky
589
-45.51
15.97
$100,126
39.02
Louisiana
497
-37.17
11.85
$116,201
35.86
Maryland
2,443
-37.23
23
$186,712
38.81
Michigan
7,164
-41.1
31.94
$70,358
33.96
Minnesota
1,179
-56.45
15.7
$152,179
19.26
Missouri
2,326
-29.32
20.21
$117,831
16.99
Montana
156
-17.46
10.17
$209,843
-4.97
Nevada
8,322
-23.28
53.32
$128,589
17.5
New Hampshire
101
-81.7
11.07
$156,292
31.09
New Jersey
1,861
-47.56
15.6
$227,288
34.21
New Mexico
210
-53.54
7.19
$192,941
6.98
New York
1,211
-60.81
6.74
$288,138
31.98
North Carolina
1,745
-47.85
11.6
$144,553
25.57
Ohio
4,495
-42.78
24.59
$75,397
41.14
Oklahoma
653
-29.33
13.57
$93,013
35.96
Oregon
2,133
-26.85
31.71
$175,957
24.37
Pennsylvania
2,282
-27.42
13.79
$113,884
36
South Carolina
1,347
-43
19.17
$144,492
23.98
Tennessee
2,331
-51.34
19.02
$100,967
38.14
Texas
6,962
-39.93
12.05
$144,505
25.24
Utah
797
-69.75
15.48
$218,425
-1.59
Virginia
3,216
-37.22
30.2
$202,070
33.8
Washington
2,122
-43.77
16.03
$205,824
27.02
Wisconsin
1,044
         -47.27
          18.54
$104,760
            38.03

Source Realty Trac