This is my foreclosures listings update for Oct 15, 2009, thru Jan 15, 2009. The way I do this, I look at what foreclosures have sold in the past 3 months, what is currently pending, and then also what is currently available. The cities included in my search are Leland, and also Belville and Navassa. I consider these towns in the Leland “sphere” and part of the greater Leland NC real estate market. These are homes we are discussing, and not land foreclosures. These are available, and if you contact me, I will provide a current list of properties.

Eight foreclosures sold in the past 3 months in the area. They averaged 3 bedrooms and 2.25 baths and 1709 heated square feet. The average listing price was $140, 538, and the average selling price was $128,250, or 91% of the listing price. The average days on market (DOM) was 119 days. The maximum price of a foreclosure sold was $265,000, and the minimum was $35,000.

There are 4 foreclosures that are “pending”, or in other words under contract, at the current time. I will include these in my next post on foreclosures.

There are 15 foreclosures that are “active” listings for sale. The average price of these is $190,827, has 2,241 square feet and has been on the market for 90 days. There are a couple of very expensive homes that I feel skew these numbers a little on the high side.

I have watched some of these foreclosures for quite awhile, and feel that some have become very good bargains, either as homes for first-time homebuyers, or properties to rent and have immediate positive cash flow. One property in particular would give you a 2% return per month. If you are looking for some great bargains, NOW is the time. If you have interest in any of these foreclosures, call me today at 910-688-DIRT, email me below or visit my Leland NC foreclosures website.