Here are a few interesting facts about Distress Sales on the Outer Banks of North Carolina.
If you’re thinking about buying a distressed home or condo:
- Right now there are only 79 Active homes or condos for sale that are Bank Owned or Foreclosures.
- There are 171 Active homes or condos for sale as a Potential Short Sale.
- That means our Active Distressed listings are only 13% of all Active homes or condos for sale.
- Last month in Dare County alone 39 new properties were foreclosed on. That’s up from April.
If you’re wondering how well these homes or condos are selling:
- Since Sept 2008, 731 homes or condos sold that were Bank Owned or Foreclosures.
- Since Sept 2008, 360 homes or condos sold that were a Potential Short Sale.
- That means of all sales of homes and condos from Sept 2008 to now, 32% were a distressed sale.
- Only 22 Bank Owned homes have sold in Duck.
- Conversely, 71 Bank Owned homes sold in Corolla.
For a list of Bank Owned homes for sale, check out my website or contact me!
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