Dec
02

Nearly 20% Of South Carolina’s Q3 Home Sales Were Foreclosures

By
– scbiznews.com

Foreclosures accounted for 19.44% of all residential sales in the third quarter of 2010 in South Carolina, according to a market analysis released this morning.

That figure is slightly less than the national average of 24.89%, RealtyTrac said in its quarterly U.S. Foreclosure Sales Report. The report showed that distressed properties statewide were priced at a discount of more than 27% during that period.

Sales of properties with foreclosure filings against them dropped in most of the state’s largest markets. Although Spartanburg saw an increase of 6.29% in foreclosure sales, the Charleston region saw a decrease of more than 20%, and Columbia saw a drop of more than 40%. The Greenville-Mauldin area, which is separated from Spartanburg in the report, saw a decline of about 15% in sales of distressed homes.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

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    Categories : South Carolina News

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