Affordable Foreclosure Homes

2010 Investors and other home buyers have been finding out that the time is right to purchase real estate properties in view of the foreclosure news and the declining home prices. There are still many properties being made available in the market and home values are continuing their down trend. The average sale prices of foreclosures in various states show that single-family homes, duplexes, triplexes and condos can be bought at bargain prices. Though, investors in real properties have expressed their interest in foreclosed properties and are even competing against each other in acquiring certain properties.

Single-family homes in Michigan, Florida, Texas and Ohio have become available at bargain prices, according to foreclosure news. Some of the homes are being sold at prices that are only 50% of their original values. Single-family homes in Florida are being sold at an average price of $112,000, duplex and triplex homes are being priced on the average at $113,000 and condos are being sold at the average value of $86,000. In Michigan, single-family homes are being offered at the average value of $61,000, condos are being marketed at the average price of $61,000, and duplexes and triplexes are available at the average price of $14,000. Foreclosure news has indeed shown an increase in the variety of choices for both real estate investors and other kinds of home buyers.