South Jersey real estate continues to be hit hard by distressed properties, Atlantic County most of all.
Lenders started foreclosure
actions against 399 homeowners in the county in the first three months
of this year. There were also 476 notices of sheriff’s sale and 328 bank
repossessions, all as reported by RealtyTrac, a company that researches
foreclosure data nationwide.
Combined, this meant there was some level of foreclosure activity on more than 1,200 homes, or one out of every 106 homes in the county in the first quarter. That kept Atlantic County in the top position on RealtyTrac’s list of more than 3,100 counties across the U.S. for foreclosure activity.
The median sale price for an Atlantic County home last month was $184,000, down from $211,500 in the same month last year. That’s a 13 percent drop, NJAR reported.
Entire article at
http://www.pressofatlanticcity.com/business/south-jersey-home-sale-prices-hit-by-large-distressed-market/article_e2f82bfa-0705-11e6-a06b-53e217f90818.html
Mullica's statistics as per Zillow.com are:
51 for sale
6 Foreclosures
9 Foreclosed
71 PreForeclosures
122 recently sold
http://www.zillow.com/homes/for_sale/Mullica-Township-NJ_rb/?fromHomePage=true&shouldFireSellPageImplicitClaimGA=false&fromHomePageTab=buy
Combined, this meant there was some level of foreclosure activity on more than 1,200 homes, or one out of every 106 homes in the county in the first quarter. That kept Atlantic County in the top position on RealtyTrac’s list of more than 3,100 counties across the U.S. for foreclosure activity.
The median sale price for an Atlantic County home last month was $184,000, down from $211,500 in the same month last year. That’s a 13 percent drop, NJAR reported.
Entire article at
http://www.pressofatlanticcity.com/business/south-jersey-home-sale-prices-hit-by-large-distressed-market/article_e2f82bfa-0705-11e6-a06b-53e217f90818.html
Mullica's statistics as per Zillow.com are:
51 for sale
6 Foreclosures
9 Foreclosed
71 PreForeclosures
122 recently sold
http://www.zillow.com/homes/for_sale/Mullica-Township-NJ_rb/?fromHomePage=true&shouldFireSellPageImplicitClaimGA=false&fromHomePageTab=buy
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