Distressed Real Estate – Below Market Prices | Katonah NY Real Estate

According to information in the latest Realtors® Confidence Index, distressed properties sell below the market price of comparable, non-distressed properties; the discount level fluctuates depending on sales location and types of properties. Foreclosures have been selling at approximately 20 percent below market. Short Sales have been selling at approximately 15 percent below market.

The discount to market is affected by property condition. Well maintained properties tend to sell at a lower discount than is the case for properties in poor condition. The graph below is based on data from November 2011 to February 2012.

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