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Mecklenburg foreclosure sales drop more than 22 percent

Mecklenburg County foreclosure sales decreased more than 22 percent from the third quarter of 2010 to the fourth quarter, Irvine, Calif.-based RealtyTrac said today.

There were 359 foreclosure sales in the county between Oct. 1 and Dec. 31, down from 461 sales between July 1 and Sept. 30. The number of fourth-quarter foreclosure sales was more than 52 percent lower than in the fourth quarter of 2009, when there were 753 sales.

Fourth-quarter 2010 foreclosure sales accounted for more than 15 percent of all sales. The average sales prices was $129,430, accounting for an average discount of nearly 44 percent.

By comparison, third-quarter 2010 foreclosure sales accounted for more than 17 percent of all sales, with an average price of $139,913, or a more than 42 percent discount on average. Fourth-quarter 2009 foreclosure sales accounted for more than 17 percent of all sales, with an average sales price of $142,173, or a 29 percent discount on average.

The 2,160 foreclosure sales in 2010 was more than 35 percent lower than 3,363 in 2009. The 2010 sales were also more than 43 percent lower than the 3,798 in 2008.

Foreclosure sales accounted for more than 17 percent of all sales in 2010. The average sales price was $139,956, or nearly a 39 percent discount on average. The average foreclosure sales price in 2009 was $128,178, also nearly a 39 percent discount on average. The average foreclosure sales price in 2008 was $128,394, or more than a 45 percent discount.

There were 1,693 foreclosure sales in North Carolina in the fourth quarter of 2010, or nearly 11 percent of all sales, down more than 28 percent from the third quarter of 2010 and more than 46 percent from the same period in 2009.

There were 10,315 foreclosure sales in North Carolina in 2010, down 29 percent from 2009 and nearly 40 percent from 2008. The average sales price in 2010 was $146,261, or a nearly 26 percent discount on average.

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