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Charlotte foreclosure sales down

Charlotte-area foreclosure sales fell 44.5 percent in the first quarter from the same quarter a year ago, Irvine, Calif.-based RealtyTrac said today.

There were 670 foreclosure sales, down from 1,208 in the first quarter of last year.

In the recent first quarter, foreclosure sales made up 19 percent of all homes sales, down from 21.5 percent in the same quarter last year.

The average sales price of properties in some stage of foreclosure — default, scheduled for auction or bank-owned — was $149,202 in the first quarter, up from $135,768 in the year-ago quarter.

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