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Hawaii Home Foreclosure Sales Drops, But Average Foreclosed Price Climbs 24%

hawaii foreclosures

According to RealtyTrac, foreclosure sales in Hawaii fell 11% during the fourth quarter compared to the year before, but the average foreclosed price jumped 24%.

There were 369 foreclosure sales in the fourth quarter of 2012, representing 7.9% of all home sales with an average sales price of $416,503 – an increase of 23.84% from the same quarter in 2011.

Nationally, foreclosures accounted for 21% of all residential sales – 6% fewer than in 2011.

Read full article on Pacific Business News.

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