Monday, January 2, 2012

So you wanna buy a condo -

In addition to those units being put on the market by owners and the short sales, we have 3 units already finished with the foreclosure procedures and being offered by various firms:

#205 by Fannie Mae a 3/2 at $74,900
#213 by EMC Mortgage, a 3/2 at $74,900 and
#405 by Flagstar Capital, a 4/3 at $94,900

These are the prices being 'asked' you can probably get a few thousand more off those prices, particularly #405 which seems a bit too high.

Here are what four of our 3/2's have gone for lately:
#604  - $70,000 on 12/30/10
#1606 - $75,000 on 3/24/11
#210  - $73,000 on 5/6/11
#1608 - $67,500 on 10/7/11

For the absolutely lowest sale price in NCC history we have:
#502 at $65,000 BUT this was only a 2/2 so it hardly counts.