US DATA: RealtyTrac Q3 Foreclosure Sales Report says foreclosures
accounted for 20% of all U.S. residential sales in Q3:2011, down from
22% in Q2 and 30% in Q3:2010. “Third parties purchased a total of
221,536 residential properties in some stage of foreclosure (NOD, LIS,
NTS, NFS) or bank-owned (REO) during the third quarter, down 11 percent
from a revised second quarter total and down 5 percent from the third
quarter of 2010. The average sales price of homes in foreclosure or bank
owned was $165,322 in the third quarter, up 1 percent from the previous
quarter but down 3 percent from the third quarter of 2010. The average
sales price of these foreclosure-related sales was 34 percent below the
average sales price of homes not in foreclosure.”