A CNNMoney article noted that foreclosures have fallen for the 8th straight month in a row. In May 2011 filings were 33% below the same time last year. This article is quick to point out that this doesn’t necessarily mean a housing rebound. However it does suggest that those foreclosure deals may be few and far between.
Here a couple foreclosures that I recently previewed which appear to be pretty good deals.
2625 Nebraska: Located in Tower Grove East this one of the best values I have seen recently. This house sold in 2009 for $240,000 and is currently listed for $169,900. The kitchen has a center-island, updated cabinets and granite countertops. There are 4 bedrooms, 2.5 baths a master suite and 2nd floor laundry. Large deck and two-car garage out back.
27 N Newstead: This single family home needs a little work but it is located in the Central West End. It is currently priced at $144,900. The price per square foot for this home is $82.99 while the average $/square foot for move-in ready sold homes in a 6 block area is $$131.38.
6923 Wise: This home is listed at $113,000. In 2006 it sold for $129,00. Centrally located in the Hi-Pointe Neighborhood this bungalow is within walking distance of Forest Park and Downtown Maplewood. Easy commute to Wash U and SLU.