Palm Beach County Foreclosure Auctions Back to Normal Schedule
With the holidays in the rearview mirror it is back to our now normal 5 day foreclosure auction schedule in Palm Beach County. Initial foreclosure filings in Palm Beach County have been going down for the first time in almost 4 years so we may actually be starting to see a glimmer of light at the end of the tunnel.
Since the five day schedule is a relatively new format it will be worthwhile to keep watching the actual foreclosure numbers as we move through the year. A relatively new phenomena is the success we have recently been seeing of third party bidders winning a much larger number of the auctions each week.
The chart above represents the advertised foreclosure sales for each week over the past six month period. We do have historical numbers going back since on-line auctions began so if anyone wants that information please contact me at your convenience. Please note that the numbers shown represent the total advertised sales for that week but are not broken down into sales that were sold to the Plaintiff or sold to a third party. This week, the actual foreclosure auction numbers increased for the second week in a row (but both of those were “short” weeks due to the holidays) to 322 units from 160 the previous week.
As discussed above third party bidders continued to see much success this week as 27 of the 322 auctions going their way. Watch for an upcoming blog where we look deeper into the recent success of third party bidders which we hope to get to later this week. These foreclosures represent some of the best opportunities for buyer’s in today’s market. If you would like to learn how to find one that meets your needs perfectly please give me a call at your convenience.
A professional real estate agent watches the market trends very closely as the data is very important to our clients, whether they are buying or selling, to paint a picture of where the market may be heading. If you would like any additional information on a specific home, neighborhood, or community please feel free to contact me. I am easily reached at 561 308-0175 or via e-mail at and would be happy to be of assistance. After just one call you will know why "Results Driven Real Estate" is your top choice for professional real estate services in Palm Beach and Martin Counties.
Always at Your Service,
Tom Priester e-PRO
"Results Driven Real Estate"
Keller Williams Realty
561 308-0175
www.tompriester.com
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