South Carolina's foreclosure rate keeps falling. In November, the rate dropped 0.49% from October, to 2,021 properties. Nationwide, foreclosures in November were down 7%.
That's significant, according to RealtyTrac, a national tracking firm whose data also is used by The Wall Street Journal to follow foreclosure trends. Foreclosure notices went from one for every 452 homes in the U.S. in October to one for every 488 homes in November. In September, the ratio was slightly higher, at one in every 475 homes.
RealtyTrac is forecasting that the trend will increase in the first few months of 2009.
The state had 2,021 properties in some state of foreclosure in November, compared with 2,031 in October. The October number was a 7.7% drop from September's numbers.
Those figures put South Carolina at 24th out of the 50 states and Washington, D.C. The states with the highest foreclosure rates were the ones industry watchers have come to expect: Arizona, Florida and Nevada. For comparison, Nevada had 13,962 foreclosures for the month.
Foreclosure filings in November
Lowcountry counties
County Number Per household
Berkeley 134 1/473
Charleston 261 1/632
Dorchester 127 1/358
Midlands counties
County Number Per household
Kershaw 3 1/8,378
Lexington 105 1/967
Richland 37 1/4,049
Sumter 55 1/808
Upstate counties
County Number Per household
Anderson 46 1/1,761
Greenville 462 1/394
Pickens 96 1/524
Spartanburg 51 1/2,328
Pee Dee counties
County Number Per household
Florence 19 1/2,828
Darlington 6 1/4,984
Marion 1 1/15,407
Dillon 2 1/6,451
Williamsburg 0 0/19,555
written by Marci Toliver
Marci Toliver is a home staging consultant, providing home staging services to Greenville, Spartanburg & Anderson, SC. areas, assisting you in effectively showcasing your property by utilizing proven home staging techniques. Ms. Toliver is also the S.C. Chapter President of Real Estate Staging Association, commonly known as RESA. Marci offers home staging services to homeowners and Realtors® in the Upstate area .
Please call Marci at 864.275.2112 to schedule your home staging appointment today!
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