Where did all the foreclosures go?
This week was by far the lowest total we have seen in actual foreclosures in Palm Beach County since we went to a 5 day auction schedule it was also the 6th lowest weekly total we have experienced over the past 6 months.
The chart above represents the advertised foreclosure sales for each week over the past six month period. We do have historical numbers going back since on-line auctions began so if anyone wants that information please contact me at your convenience. Please note that the numbers shown represent the total advertised sales for that week but are not broken down into sales that were sold to the Plaintiff or sold to a third party. This week, the actual foreclosure auction numbers decreased significantly to 216 units from 386 the previous week and the second major decrease in a row.
It was also by far the worst week for the success of third party bidders that I have ever seen with only 3 of this week’s 216 sales not going to the lender. This follows directly on the heels of last week when 98 properties, out of 386, going to third party bidders. These foreclosures represent some of the best opportunities for buyer’s in today’s market. If you would like to learn how to find one that meets your needs perfectly please give me a call at your convenience.
A professional real estate agent watches the market trends very closely as the data is very important to our clients, whether they are buying or selling, to paint a picture of where the market may be heading. If you would like any additional information on a specific home, neighborhood, or community please feel free to contact me. I am easily reached at 561 308-0175 or via e-mail at firstname.lastname@example.org and would be happy to be of assistance. After just one call you will know why “Results Driven Real Estate” is your top choice for professional real estate services in Palm Beach and Martin Counties.
Always at Your Service,
Tom Priester e-PRO
“Results Driven Real Estate”
Keller Williams Realty