Another week, another 5 foreclosure auction days in the wacky world of south Florida real estate. Nothing too special and it seems we have settled into expecting weekly foreclosure numbers in the 250+/- range each week. Or at least that is where we have been for 3 weeks in a row.
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 decreased slightly to 267 units from 285 the previous week.
For two weeks we have 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 7.12% which is the lowest we have seen in 8 weeks and closer to the numbers we saw back in September/October of last year. 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