Fort Myers Leading Nation in Foreclosure Discounts

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source: RealtyTrac

source: RealtyTrac

Fort Myers heads the list of “Top 20 Cities for Foreclosure Discounts,” according to an analysis by RealtyTrac.  While the housing market continues to recover into 2014, there are still good deals to be found on foreclosed homes with built-in equity in Fort Myers as well as many other parts of the U.S. Fort Myers had 203 foreclosure sales for the period June-November 2013.  The average price of the home was $135,409, which was 65% less than the average assessed value of $254,526.

Rounding out the top 10 cities for foreclosure discounts, Fort Myers is followed by Columbus, OH; Cleveland, OH; Fresno, CA; Pittsburgh, PA; Atlanta, GA; Canton, OH; Cincinnati, OH; Akron, OH; and Memphis, TN.  The only other Florida city making the Top 20 list is Vero Beach, FL.  RealtyTrac studied sales data from the last 6 months ending in November 2013 to identify the top 20 cities for foreclosure discounts.   The analysis was limited to single-family homes with 3 bedrooms.

Savvy buyers can find under-priced homes by searching Fort Myers foreclosure properties.  We display all the foreclosed listings in the Greater Fort Myers and the Beach MLS system and update them on a daily basis.  Many of the best deals now are either short sales or foreclosures.  Our team is quite experienced at dealing with distressed property and can help you navigate through both foreclosure and short sale transactions.

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