Raleigh, NC Foreclosure Update August 10, 2009

Raleigh, NC Foreclosures actively on the market now total 124, with the average list price at $252,522. This is an increase in the number of foreclosure listings in Raleigh by four over last week. The average list price per square foot for a Raleigh area foreclosure is $94.24. The average home listed is 2,342 square feet and has three bedrooms and two baths.

The number of pending foreclosures in Raleigh is 56 the same as last week. The average price on the pending side is down to $179,244 or $83.42 per square foot. This average pending foreclosure is 2051 square feet with three bedrooms and two baths.

In July 53 foreclosed homes in Raleigh sold and closed. The average sales price was $192,337 or $82.80 per square foot.

These numbers are for all of Wake County, North Carolina. They include Raleigh, Cary, Wake Forest and Apex foreclosures.