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Foreclosures

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Andrew Fortune
  • Involved In Real Estate
  • Colorado Springs, CO
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Are you seeing more over-priced foreclosures in your market?

Andrew Fortune
  • Involved In Real Estate
  • Colorado Springs, CO
Posted Dec 3 2011, 19:32

I'm just curious. The last few spreadsheets that I've made had a handful of new foreclosures that were priced at 95%+ of the average owner resale comps. Wondering what's up?

Also, I found some recent sold foreclosures that seemed like below average deals. One sold for $98,000 with an average resale of $110,000 and another sold for $70,000, with an average resale of $85,000.

I'm in Houston and I am talking about single family foreclosures
Anyone else seeing this in there market?

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