Salem Oregon Foreclosure Statistics - January 2010

There has been a rising trend in Salem Oregon foreclosures in the past six months. Let's take a look at January statistics in both Marion and Polk counties to understand the local foreclosure situation.

January 2010 Salem Oregon Foreclosure Statistics

Number of foreclosed homes:

Polk County: 457
Marion County: 2,198

Average sales price:

Polk County: $177,251
Marion County: $177,251

Average foreclosure sales price:

Polk County: $165,098 (7% savings)
Marion County: $165,098 (7% savings)

Home price appreciation:

Polk County: 0.00%
Marion County: 0.00%

Compared to national statistics:

Polk County: +0.09%
Marion County: +0.09%

As you can see, home buyers can save on approximately 7% when buying a foreclosed home. This is a significant savings for most people. If you are thinking buying a foreclosure might be a good option for you, contact us anytime. We are glad provide more information so you can make a good buying decision.

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