foreclosed properties: St Cloud MLS Tops 400 Foreclosed Listings - 03/07/09 10:24 AM
Originally posted at http://StCloudEdina.com/blog on 01/26/2009:
Whew. I noticed late tonight that the total number of active and pending foreclosed properties on the St Cloud MLS. That is a huge increase from roughly 200 that we had at the start of 2008.
This surplus of foreclosed properties is making for some phenomenal buys! For example: I had one buyer just pick up a 6 BR, 4 BA two story home in Sartell's "The Wilds" development for just over $180K. Crazy.
So go ahead and take a look. With interest rates floating around the 5.5% range, this might be the perfect time to buy. I can't guarantee … (0 comments)
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foreclosed properties: What percentage of homes sold are foreclosures? - 10/14/08 09:26 PM
Originally posted at http://StCloudEdina.com/blog on 10/14/2008:
I was asked to see what percentage of first time home buyers are purchasing bank owned homes with the recent flood of foreclosures on the market. I was unsure at first, as first time home buyers can come in any price point. But I did pull together this little statistic in regards to foreclosed properties on the St Cloud MLS:
50.4% of all homes sold on the St Cloud MLS under $150,000 were bank owned (Data from St Cloud MLS for the time period of 01/01/2008-10/13/2008).
That means for all of you in Central Minnesota that are trying to sell … (0 comments)
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foreclosed properties: Sales Starting to Slow as Winter Approaches... Bank Owned Properties Still Coming - 10/14/08 09:18 PM
Originally posted at www.StCloudEdina.com/blog on 10/05/2008:
I've noticed a slight increase in the number of active and foreclosed properties that are available on the St Cloud MLS. For the majority of the year, we have had approximately 330 foreclosed listings that are either active to purchase or are pending a sale. We now have just over 370 such listings on the St Cloud MLS.
Obviously this creates some problems. We need to continue to buy out the foreclosed properties at a pace that keeps up with the rate at which they are becoming available.
Now we get to see what our … (0 comments)
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foreclosed properties: Number of Foreclosed Properties on the Rise in Central MN - 06/25/08 10:19 AM
As we went through the spring market and into the early summer months, we have had enough sales to cover the amount of foreclosed properties that were coming onto the St Cloud MLS. We have averaged 325 active and pending foreclosures on the St Cloud MLS since January of this year. Yesterday, when I pulled the foreclosure search for a potential client, I noticed that the total had crept up to 350+.
This excess of foreclosed properties is not a good thing for our market. I think the best thing that could happen is that we sell them off at a … (0 comments)
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