Report Shows Metro Areas with Biggest Discounts - | ArmandoMontelongo.com

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Report Shows Metro Areas with Biggest Discounts

Milwaukee had the largest discount on foreclosed homes among major metro areas in the country, and San Francisco had the biggest reductions on short sales, according to a new report.

The RealtyTrac Foreclosure Sales Report for 2011 identified metro areas where foreclosures were selling for significant discounts in the fourth quarter, as well as areas where short sales were well under regular sale prices.

Here are the 10 metro areas with at least 500 REO sales in the fourth quarter, and where REO sales increased by at least 5 percent in 2011, with the number of sales, average sales price and average discount over non-foreclosure sales:

And here are the 10 metro areas with at least 500 short sales in the fourth quarter, and where short sales increased by at least 5 percent in 2011, with the number of sales, average sales price and average discount over non-foreclosure sales:

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