In September 2014, distraught sales accounted for 10 percent of sales: 7 percent of reported sales were foreclosed properties, and about 3 percent were short sales. The decline of distraught properties on the market explains to some degree why investment sales and all-cash sales have been on the decline.
Distressed property sold at a 14 percent average discount for the past 12 months. Properties in above average condition were discounted by an average of 10-12 percent, while properties in “below average” condition were discounted at an average of 14-20 percent.
Visit this website to know more about this news.
If you like to know more about Homes and Lifestyles here in North Carolina, just come visit our website: Real Estate For Sale and Latest Real Estate Trends, click the links or you can visit us at APCarolinaHome.com.
Feel free to give us a call at 980-254-1008 or email us at mike@abernethyproperties.com.
Comments(1)