Lake Worth, FL Bank Foreclosures Video Market Report

By
Real Estate Agent with United Realty Group Wellington SL# 3190644
https://activerain.com/droplet/4zM8

 

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)

Lake Worth Bank Foreclosures
Lake Worth Bank Foreclosures
  • 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

 Current MLS Real Estate Listings for Bank Foreclosures in Lake Worth Florida

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

 

Posted by


Mark R. Baker, PA

United Realty Group Wellington 

1035 State Road 7

Suite 121

Wellington, FL 33414

(561) 336-6333

www.BuyingPalmBeachHomes.com

 

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Topic:
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Location:
Florida Palm Beach County Lake Worth
Groups:
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Tags:
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Rainmaker
633,946
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Thanks for this clear report on this part of your Lake Worth market. On Kauai we have sellers and buyers from every state and this post helped me get a better sense of what’s happening in your region. 

Mar 15, 2015 06:51 AM #1
Rainer
77,805
Mark Baker
United Realty Group Wellington - Wellington, FL
Serving Palm Beach County FL

Hi Kathleen Luiten, thanks for your comment.  I am a big fan of learning about other real estate markets too. 

Mar 15, 2015 07:23 AM #2
Rainmaker
1,079,379
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Mark, this is an excellent report on the Lake Worth foreclosure market. Your presentation is outstanding and the content extremely insightful for your readers/buyers. You get an A from me for video quality and production - as a former film producer, I am somewhat qualified to rate videos and yours is first rate.

Mar 15, 2015 01:16 PM #3
Rainer
77,805
Mark Baker
United Realty Group Wellington - Wellington, FL
Serving Palm Beach County FL

Hi Sharon Alters, thanks for the comment made me smile especially given your experience and background.  It's been a fun journey.

Mar 16, 2015 06:15 AM #4
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Rainer
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Mark Baker

Serving Palm Beach County FL
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