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Raleigh REO

Monday July 20, Wake County REO Report

07-20-09
Raleigh REO

There are currently 108 active Wake County bank owned/ foreclosed homes on the market (according to active foreclosure search on Triangle MLS for wake county).

There are currently 68 pending bank owned/ foreclosures in Wake County.

The average listing price of the active Wake County Foreclosure listings: $270,275

The average square footage of active Wake County REO listings: 2,378

The average price per sq. ft of active Reo lisitings in Wake County: 97.38 (which is down from $99 two weeks ago.)

The average list price on the pending Wake County foreclosures: $207,628

Average square footage of the pending Wake County Foreclosures: 2,212

Average price per sq ft on the pending Wake County Foreclosures: $88.20

If you would like more information on the Wake County/ Greater Raleigh REO market contact us at info@changingstreets.com.

Search Raleigh, Durham, Cary Foreclosure listings here.

07-16-09
Raleigh REO

This link will take you to Raleigh foreclosure listings, no sign up, no cost.

You do not have to pay to surf active foreclosure listings in Wake county, just click above and enjoy, below the map is an area to narrow your search, or to search with list results pick the way you would like to search...area, city, or subdivision...click on what you are looking for and BAM!

Feel free to save your searches and come back or build an account and you will get all new listings sent to your email!

ChangingStreets.com will make it very easy for you to stay current on what is happening with Raleigh REO properties.

changingstreets.com foreclosures in raleigh

You Don't Have to Pay Money To See Foreclosure Listings

07-13-09
Raleigh REO

Please don't pay money to see foreclosure listings! That is insane, we make it this weeks project to put up a foreclosure only listing site linking from here. We noticed a site today requiring a $9 monthly fee to see listings, pathetic.

If you are giving your email, you are giving too much, again we will get a site up for you, search it, research it and call or email when you want to see a home, we appreciate it!

Highend Bank Owned Homes?

07-10-09
Raleigh REO

I have always wondered what a $3.5 million dollar bank owned home looks like, well not really but know we both know!

It looks like 10,825 sq feet of custom home. Theater? Check. Pool/Spa? Check. Pub area? Check. 1.5 acre lot? Check. Ok, but does it have tons of custom detail? Check. Yeah but if I am spending that kind of money I want new....CHECK!

bank owned home in n raleigh

staircase in raleigh foreclosure

REO listing bath shot

Well know we know! This is the most expensive Foreclosure on the market in Raleigh today. It will be interesting to see the sales price on this one!!!

If you need assistance with foreclosures in the Raleigh area contact us at stephenhoyt@gmail.com

Raleigh Foreclosure Listings, Friday July 10

07-10-09
Raleigh REO

Foreclosures in Raleigh and Wake County continue to increase ever so slightly. There are currently 109 bank owned foreclosures for sale in the Triangle MLS system. Average Price for a foreclosure listing? $291,642 or $99.97 a square foot.

There are 79 pending foreclosure sales at an average price of $195,165 or $86.95 a square foot. In my opinion this is probably do to the FHA loan limits and the availability of mortgage money. It would also put a FHA 30 year mortgage payment in the $1500-$1600 range for a 2000 plus square foot home, not bad.

With the first time buyer home credit and other stimulus money available it is a decent time to buy in the Raleigh area.