Bank Foreclosures for Sale in Lake Worth, FL
The following is a market report on Bank Foreclosures in Lake Worth, Florida brought to you by Mark Baker at www.BuyingPalmBeachHomes.com . In this Market report we will cover the current homes on the market, the current market prices and the statistics of the sales of the 90 day sold properties including financing terms. This Real Estate Market Report will give home buyers and sellers a good understanding of the foreclosure market in Lake Worth, FL.
Current MLS Foreclosures for Sale
- 87 homes listed
- 34 marked Pending
- 11 marked Active Contingent
- 1 accepting Back Up orders
- 41 home available for purchase
Market Activity on MLS Listings (10 Days)
- 8 New Listings
- 3 listings with a Price Change Reduction
- 2 listing is Back on the Market
Market Prices of Listed Bank Homes
- Lowest available property is $177,000 for two bedrooms with two bathrooms and 1,579 square feet under air.
- Highest priced property is $376,000 for three bedrooms with two bathrooms and 2,487 square feet under air.
- Median home price is $300,000
Recently Sold Homes (90 Days)
- 45 properties have sold
- Average sales price was $277,000
- Average sales price per square foot was $123
- Range in average price per square foot $89 to $172
- Average Days on Market 68 days
Financing terms of the Sold REOs
- 21 were Cash deals
- 15 were Conventional deals
- 8 were FHA/VA
- 1 was an Assumable Mortgage
Sales to List Price of Recently Sold Homes
This information has been provided to see the relationship of the actual sold price of a home to the asking list price.
- Low end was 76%
- Average was 97% (3% discount of the asking prices)
- High end was at 108% of the asking price
Looking for Real Estate Agent?
If you are looking to buy or sell a home in Lake Worth, FL please let me put my experience to work for you. I have extensive knowledge of the homes within this area and the surrounding areas. You can contact me at 561-336-6333 or visit me online at www.BuyingPalmBeachHomes.com