I am just putting the final touches on the August HUD Homes Report. I included even more charts and statistics than in previous months. This report is free to all our subscribers. It contains exclusive information and original analysis you won’t find anywhere else! So, enter your email in the box to the right!
Here are some of the surprising results we found:
- Grove City is leading with the number of Columbus HUD Homes sold (9). That’s not really new, but would you have guessed that Reynoldsburg comes in as a close second with 8 homes?
- HUD homes in Marysville and Westerville are tied for the highest average purchase price of around $155K. This is double the average sales price of Columbus houses in Delaware, Galloway and Newark.
- The average purchase price of FHA Insurable HUD Homes is three (3) times that of Uninsured properties.
Finally, here’s a sample of the types of graphics you’ll find in the report: It shows that relisted homes that just became available to all bidders after 5 days (days on market DOM 6-9) sell for 25% above their appraised value, while properties listed for more than 10 days (DOM > 10) sell for 20% below appraised value.
This is surprising, but it’s true. I am sure you will understand these numbers better, if you see all related details. You can read these details and more in our Special HUD Homes Report!
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Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650
