Foreclosures in Florence AL - Market Report for 2011 by Quarter
1st Quarter 2011
10 homes sold during the 1st quarter
The average list price was $60,436 with lowest price of $14,900 and highest price of $269,900.
The average sold price was $56,234 with lowest price of $11,500 and highest price of $250,000.
On average, foreclosures in Florence AL sold for 93% of their list price.
Average number of days on market was 35 with lowest at 0 (meaning it was sold at time of listing) and the highest at 79.
2nd Quarter
13 homes sold during the 2nd quarter
The average list price was $43,589 with the lowest of $10,000 and highest of $105,900.
The average sold price was $38,801 with the lowest of $9,101 and highest of $105,900.
On average, foreclosures in Florence AL sold for 89% of their list price.
Average number of days on market was 87 with lowest at 13 and the highest at 220.
3rd Quarter
8 homes sold during 3rd quarter
The average list price was $38,188 with the lowest of $22,400 and the highest of $87,900.
The average sold price was $35,775 with the lowest of $18,250 and the highest of $92,510.
On average, foreclosures in Florence AL sold for 94% of their list price.
Average number of days on market was 62 with lowest at 8 and highest at103.
4th Quarter thru November 30th
6 homes sold so far in the 4th quarter
The average list price was $54,150 with lowest of $35,700 and highest of $99,900.
The average sold price was $52,000 with lowest of $35,000 and highest of $94,500.
On average, foreclosures in Florence AL sold for 96% of their list price.
Average number of days on market was 99 with lowest at 29 and highest at 233.
There are currently 8 foreclosures for sale and 3 under contract. The average days on market for active listings is 42. If you are thinking of buying a foreclosure in Florence AL this reports should tell you this...
1) Find a good Realtor who will be ready to alert you of new foreclosures the minute they hit the market.
2) Have your financing in order
a) if you are planning to pay cash - have a copy of your bankstatement showing you have the funds available
b) if you are planning to get a loan...go ahead and get pre approved so you can provide the pre approval letter with your offer. Your Realtor should be refer you to a lender who will help you
3) Be ready to move quickly - have the "little details" taken care of ahead of time. When a good home that is priced right hits the market...it will sell quickly.
When you are ready to find a good Realtor...I can help you with that! Call me at 256-366-6292. Or to see full details of current foreclosures for sale visit my website.
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