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Source: Realty Trac
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RealtyTrak reports that sales of homes that were in “some stage of foreclosure or bank owned” accounted for 24% of all U.S. residential sales during Q4 2011. This is an increase from 20% in Q3, but down from 26% of all sales in Q4 2010.
Total foreclosure-related sales in 2011 were 907,138 — down 2% from 2010. The average sales price of homes in foreclosure or bank owned was $164,944 in Q4, down 5% from Q4 2010.
The average price of a foreclosure-related sale was 29% below the average price of a non-foreclosure sale in Q4. That “foreclosure discount” is smaller than Q3 (34%) and down from 35% foreclosure discount the prior year.
Source: Realty Trac
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