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About a Third of Atlanta Foreclosures Selling at or Above List Price
I'm seeing a lot of foreclosures being priced very aggressively.  It's creating multiple offer situations.  I am working with a buyer right now who has been beat out of a foreclosure deal by someone else four times over the past few months.
He tells me that if it's a "buyer's market" why should he have to pay any where near asking price.  It has been very frustrating.  I began wondering if it was just bad luck on  my part that just about every "great deal" that I find for my buyers is getting competing offers.
So I did a small analysis. I searched for single family detached foreclosures that have sold in the past 30 days that are in the northern half of Atlanta above $100,000.  What I found was that the 325 sales had a average sales/list price ratio of 92%.  Also, 106 of those 325 sales sold for the list price or above. So about 1 out of 3 foreclosures are getting full price. 
Sometimes looking at the raw data gives people a better feel for what's going on.  So here is the data for those foreclosure sales just so you can see for your own eyes what's actually going ... more

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