Back to the normal work week schedule and as nice as all of the November and December holidays are I really enjoy this time of year. The Palm Beach County Clerk was busy this week recording the 6th highest weekly total of foreclosures over the past 6 months.
Since the five day schedule is a relatively new format it will be worthwhile to keep watching the actual foreclosure numbers as we move through the year. A relatively new phenomena is the success we have recently been seeing of third party bidders winning a much larger number of the auctions each week and that trend continued again this week. I keep promising a blog on the topic and it is coming; if I can just find the time!
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 increased for the third week in a row to 351 units from 322 the previous week.
As discussed above third party bidders continued to see much success this week as 34 of the 351 auctions going their way. Watch for my upcoming blog (it is coming I PROMISE) where we look deeper into the recent success of 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 email@example.com 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