Punta Gorda Foreclosures
Punta Gorda Foreclosures Offer Lower Prices
In the current Punt Gorda real estate market, there is a significant difference between the median list price of Punta Gorda foreclosures and non-distressed Punta Gorda real estate – Punta Gorda foreclosures have a median list prices that is 49% less than their non-distressed Punta Gorda real estate counterparts.
When looking at Punta Gorda real estate sales for June 2011, there is a similar pattern of decreased prices for Punta Gorda foreclosures. As a matter of fact, the median sale price Punta Gorda foreclosures in June 2011 was 49% less than the median sale price of non-distressed Punta Gorda real estate.
Buying Punta Gorda Foreclosures
Although it is obvious that Punta Gorda foreclosures offer significantly reduced prices, there are some challenges when buying Punta Gorda foreclosures.
When focusing on purchasing a Punta Gorda foreclosure there is less selection than there is when considering the entire Punta Gorda real estate market. Currently there are 48 Punta Gorda foreclosures on the market – 95% less than the 878 non-distressed Punta Gorda homes on the market.
Punta Gorda foreclosures tend to go under contract quicker than their non-distressed counterparts. In June 2011 Punta Gorda foreclosures had a median of 64 days to contract while non-distressed Punta Gorda real estate had a median of 91 days to contract. Therefore on average Punta Gorda foreclosures went under contract 30% faster.
If you are considering buying a Punta Gorda foreclosure, check out these 5 Tips for Buying Punta Gorda Foreclosures and contact a Punta Gorda Realtor for more advice!