Foreclosure sales in Horry County dropped during the first three months of this year compared to the same time last year though foreclosure filings in Horry County nearly doubled during the first quarter of this year, according to statistics released this week.
About 160 homes that were in some stage of foreclosure or bank owned sold in Horry County during the first quarter, down 50.92 percent from the fourth quarter and down 9.60 percent from the first quarter last year, according to a report released Thursday by RealtyTrac, a company that tracks foreclosures nationally. Horry County?s foreclosure sales in the first quarter accounted for 21.89 percent of all S.C. residential sales, RealtyTrac said.The average sales price of Horry County homes in foreclosure or bank owned was $121,573 in the first quarter, which is up from $119,330 in the previous quarter and up from $116,075 in the first quarter of 2011.
Rod Smith, director of general brokerage for Coldwell Banker Chicora Real Estate, said the decline in foreclosure sales ?might be because a lot of the best deals are snatched up first. That?s why if people see something in their price range they need to get it quickly. There?s plenty of inventory out there. It?s
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