Foreclosures Account for 35% of St Cloud Real Estate Sales
In looking back over the 1st quarter statistics for real estate sales in the St Cloud area, it appears that bank owned homes are still playing a big factor in the market. There were 72 foreclosures, or REO's, sold in the first three months of 2010. That accounts for roughly 35% of all sales that were recorded. Here is another interesting statistic revolving around the average prices for these sales: REO's sold at an average price of $115,354 while the Non-REO's sold at an average price of $160,576.
Statistics were pulled from Regional Multiple Listing Service and cover the zip codes for St Cloud, Sartell, Sauk Rapids, Waite Park, and St Joseph for residential sales between 1/1/2010 and 3/31/2010. Bank owned properties are separated and marked as "Yes" to the lender owned category on the MLS while remainder of the market is market as "No" or "Not Disclosed" on the MLS.
Jason Tangen - GRI, e-PRO - Real Estate Broker Associate with Edina Realty in St Cloud MN
http://StCloudEdina.com - Get list of bank owned properties in St Cloud, MN area.
http://JasonTangen.EdinaRealty.com - Get specific city information for St Cloud, MN
Best on the Internet for Real Estate St Cloud MN.
