National Foreclosure Statistics Summary
Inventory is down 35% from June 2013. That is 32 consecutive months with year over year decline in foreclosure inventory. Florida is still ranked as #2 State with the Most Foreclosures.
Northeast Florida Distressed Property Summary
There are currently 681 distressed properties on the market in Northeast Florida. The average list price is $152,424. Banks are looking to move these properties fast. So we have seen a good number of these properties with a price reduction in the last 30 days. The average price reduction was 5.41% which is pretty hefty.
Luxury Distressed Property in Northeast Florida
Distressed properties do not mean non-luxury properties. The highest prices distressed home is on the…