Back to the normal work week schedule and a full slate of foreclosure auctions in Palm Beach County. While we saw an increase from the previous week it was mainly due to the shortened auction week of Martin Luther King Day and the overall number remained lower than some recent spikes.
The chart above represents the actual 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 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 to 285 units from 235 the previous week. Over the last six months we have had higher foreclosure numbers 11 times and lower numbers 14 times so we really are running somewhere in the middle.
Last week, for the first time, we published a chart showing the success rate of third party bidders in these auctions and think it is worthwhile to track these statistics for a while so this week’s chart is included below. This week the success rate of 3rd party bidders was at 9.47% and for the 6th week in a row we have been hovering close to that 10% mark. These numbers are quite a bit higher than what we experienced back in October and November so we thought we would continue watching for any trend changes. 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.
We take great pride here at “Results Driven Real Estate” in providing our clients the very highest level of service available in the industry. If we can be of assistance in any way with questions you may have about your real estate goals please feel free to contact us at your convenience for a complimentary consultation.
Always at Your Service,
Tom Priester e-PRO
“Results Driven Real Estate”
Keller Williams Realty