Posts

Buying A Foreclosure in Sumter, SC Part 5 - The Reason for Buying a Foreclosure

Thu, Jan 9th 2014 2:00 pm by Kim PeasleyParker Sumter SC Foreclosures

Originally Posted on ActiveRain.com by Kim Peasley-Parker

Buying a Foreclosed Home in Sumter, SC Part 5

The Reason for Buying a Foreclosure

Things are quiet with the purchase of the Sumter, SC foreclosure as we are waiting for the checks to clear the bank and the paperwork to get processed. We are on track for closing November 13th (a Wednesday, for all those who are superstitious) and getting geared up for the work that needs to be done.

So for the next few posts in this series, I am going to cover some other information about buying foreclosures. This post is about the reason behind buying foreclosures or the type of buyers. There are many reasons to buy a foreclosure a...

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Market Statistic	October 2013	November 2013	Trend
Median Price of Homes Sold	$145,950	$130,500	-
Average Price of Home Sold	$152,820	$137,535	-
Least Expensive Home Sold	$ 13,600	$ 8,500	-
Most Expensive Home Sold	$361,000	$480,000	+
Price/ Sq. Ft.	$65.82	$65.03	-
Average Days of Market (DOM)	144	146	+
Total Active Inventory	1287	1285	-
Median Home Size	1858	1873	+
Median Number of Bedrooms	3	3
Me...

Market Statistic	April 2012	May 2012	Trend
Median Price of Homes Sold	$124,050	$136,034	+
Average Price of Home Sold	$132,469	$135,943	+
Least Expensive Home Sold	$4,000	$5,000	-
Most Expensive Home Sold	$503,000	$364,000	+
Price/ Sq. Ft.	$72.45	$72.41	+
Average Days of Market (DOM)	179	155	-
Total Active Inventory	1283	1290	+
Median Home Size	1680	1640	-
Median Number of Be...

Market Statistic	March 2012	April 2012	Trend
Median Price of Homes Sold	$112,050	$124,050	+
Average Price of Home Sold	$123,266	$132,469	+
Least Expensive Home Sold	$14,000	$4,000	-
Most Expensive Home Sold	$349,000	$503,000	+
Price/ Sq. Ft.	$63.66	$72.45	+
Average Days of Market (DOM)	177	179	+
Total Active Inventory	1212	1283	+
Median Home Size	1700	1680	-
Median Number of Bedrooms	3	3 ...

Market Statistic	January 2012	February 2012	Trend
Median Price of Homes Sold	$128,500	$144,900	+
Average Price of Home Sold	$120,785	$145,324	+
Least Expensive Home Sold	$12,500	$13,000	+
Most Expensive Home Sold	$315,649	$365,000	+
Price/ Sq. Ft.	$66.40	$72.06	+
Average Days of Market (DOM)	160	169	+
Total Active Inventory	1196	1191	-
Median Home Size	1654	1766	+
Median Number of Bedrooms	3

Market Statistic	December 2011	January 2012	Trend
Median Price of Homes Sold	$137,000	$128,500	-
Average Price of Home Sold	$135,199	$120,785	-
Least Expensive Home Sold	$5,200	$12,500	+
Most Expensive Home Sold	$450,000	$315,649	-
Price/ Sq. Ft.	$68.92	$66.40	-
Average Days of Market (DOM)	179	160	-
Total Active Inventory	1156	1196	+
Median Home Size	1755	1654	-
Median Number of Bedrooms	3	3 ...

Market Statistic	November 2011	December 2011	Trend
Median Price of Homes Sold	$120,500	$137,000	+
Average Price of Home Sold	$123,159	$135,199	+
Least Expensive Home Sold	$4,750	$5,200	+
Most Expensive Home Sold	$515,000	$450,000	-
Price/ Sq. Ft.	$62.97	$68.92	+
Average Days of Market (DOM)	137	179	+
Total Active Inventory	1245	1156	-
Median Home Size	1698	1755	+
Median Number of Bedrooms	3	3	...

Market Statistic	October 2011	November 2011	Trend
Median Price of Homes Sold	$113,700	$120,500	+
Average Price of Home Sold	$117,013	$123,159	+
Least Expensive Home Sold	$14,500	$4,750	-
Most Expensive Home Sold	$265,016	$515,000	+
Price/ Sq. Ft.	$63.78	$62.97	-
Average Days of Market (DOM)	136	137	+
Total Active Inventory	1314	1245	-
Median Home Size	1731	1698	-
Median Number of Bedrooms	3	3

Market Statistic	September 2011	September 2011	Trend
Median Price of Homes Sold	$127,000	$113,700	-
Average Price of Home Sold	$127,813	$117,013	-
Least Expensive Home Sold	$7,000	$14,500	+
Most Expensive Home Sold	$256,670	$265,016	+
Price/ Sq. Ft.	$82.11	$63.78	-
Average Days of Market (DOM)	172	136	-
Total Active Inventory	1339	1314	-
Median Home Size	1617	1731	+
Median Number of Bedrooms	3	3

Market Statistic	August 2011	September 2011	Trend
Median Price of Homes Sold	$144,000	$127,000	-
Average Price of Home Sold	$142,616	$127,813	-
Least Expensive Home Sold	$6,000	$7,000	+
Most Expensive Home Sold	$308,000	$256,670	-
Price/ Sq. Ft.	$76.36	$71.28	-
Average Days of Market (DOM)	163	172	+
Total Active Inventory	1339	1339	NC
Median Home Size	1751	1617	-
Median Number of Bedrooms	3	3	...

Market Statistic	July 2011	August 2011	Trend
Median Price of Homes Sold	$140,417	$144,000	+
Average Price of Home Sold	$154,156	$142,616	-
Least Expensive Home Sold	$15,000	$6,000	-
Most Expensive Home Sold	$357,000	$308,000	-
Price/ Sq. Ft.	$76.82	$76.36	-
Average Days of Market (DOM)	141	163	+
Total Active Inventory	1341	1339	-
Median Home Size	1808	1751	-
Median Number of Bedrooms	3	3

Market Statistic	June 2011	July 2011	Trend
Median Price of Homes Sold	$145,500	$140,417	+
Average Price of Home Sold	$162,245	$154,156	+
Least Expensive Home Sold	$10,000	$15,000	+
Most Expensive Home Sold	$512,000	$357,000	-
Price/ Sq. Ft.	$77.03	$76.82	+
Average Days of Market (DOM)	177	141	-
Total Active Inventory	1391	1351	-
Median Home Size	1818	1808	+
Median Number of Bedrooms	3	3
...

Market Statistic	May 2011	June 2011	Trend
Median Price of Homes Sold	$129,900	$145,500	+
Average Price of Home Sold	$138,235	$162,245	+
Least Expensive Home Sold	$4,500	$10,000	+
Most Expensive Home Sold	$625,000	$512,000	-
Price/ Sq. Ft.	$70.45	$77.03	+
Average Days of Market (DOM)	182	177	-
Total Active Inventory	1403	1391	-
Median Home Size	1717	1818	+
Median Number of Bedrooms	3	3
Me...

Market Statistic	April 2011	May 2011	Trend
Median Price of Homes Sold	$125,000	$129,900	+
Average Price of Home Sold	$125,458	$138,235	+
Least Expensive Home Sold	$7,000	$4,500	-
Most Expensive Home Sold	$350,000	$625,000	+
Price/ Sq. Ft.	$69.50	$70.45	+
Average Days of Market (DOM)	177	182	+
Total Active Inventory	1436	1403	-
Median Home Size	1641	1717	+
Median Number of Bedrooms	3	3
...

Market Statistic	March 2011	April 2011	Trend
Median Price of Homes Sold	$142,400	$125,000	-
Average Price of Home Sold	$151,137	$125,458	-
Least Expensive Home Sold	$13,000	$7,000	-
Most Expensive Home Sold	$499,000	$350,000	-
Price/ Sq. Ft.	$75.63	$69.50	-
Average Days of Market (DOM)	168	177	+
Total Active Inventory	1397	1436	+
Median Home Size	1826	1641	-
Median Number of Bedrooms	3	3

Posts

Buying A Foreclosure in Sumter, SC Part 5 - The Reason for Buying a Foreclosure

Buying a Foreclosed Home in Sumter, SC Part 5

The Reason for Buying a Foreclosure

Buying A Foreclosure in Sumter, SC Part 4 - Please Connect the Utilities

Buying a Foreclosed Home in Sumter, SC Part 4

Inspections with Electrical Power….. Please Connect the Utilities

Buying A Foreclosure in Sumter, SC Part 3 The Inspections

Buying a Foreclosure in Sumter, SC Part 2 The Counter

Originally Posted on ActiveRain.com by Kim Peasley-Parker

Buying A Foreclosure in Sumter, SC Part 1 The Offer

November 2013 Sumter County, SC Real Estate Market Report

May 2012 Sumter Real Estate Market Report

April 2012 Sumter Market Report

February 2012 Sumter Real Estate Market Report

January 2012 Sumter SC Real Estate Market Report

December 2011 Sumter Real Estate Market Update

November 2011 Sumter Market Update

October 2011 Sumter SC Real Estate Market Report

September 2011 Sumter Real Estate Market Report

August 2011 Sumter Residential Real Estate Market Report

July 2011 Sumter Real Estate Market Report

ROAD TRIP!!!!!!!

June 2011 Sumter Real Estate Market Report

May 2011 Sumter Real Estate Market Report

April 2011 Sumter Real Estate Market Report

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