Raleigh Forclosures, Wake County Foreclosure Listings and Market Update

Raleigh, Cary foreclosure listings totalled 173 this week. There are 114 active foreclosure listings in Wake County and 59 pending foreclosure listings according the Triangle MLS system.

The active foreclosure listings can be found here (free and no sign in!)

The average list price of the active Wake County foreclosure listings is $266,688

The average active Wake County foreclosure listing is three bedrooms, two baths and 2,370 square feet, giving an average price per square foot of $96.35

The average list price of a pending Wake County forclosure listing is $191,702 which suggests that there are a couple of larger/higher priced listings sitting actively on the market.

The average pending Wake County foreclosed home is three bedrooms, two baths and 2,063 square feet and had and average listing price per square foot of $88.56.

The fact that there are only a total of 173 active and pending foreclosure listings in Raleigh and surrounding areas is amazing. There are very few developments and subdivisions with multiple foreclosed homes which will spare property values a great deal. In the Mid-West and Southwest markets it is the multiple foreclosed homes in the same developement that are snowballing decreasing property values, that does not appear to be a looming problem in the triangle.

If you would like to be notified of new foreclosure listings please go here and build an account and have new listings emailed to you as soon as they hit the system.