RealtyTrac: New York State total foreclosure sales decrease

In its third quarter 2010 U.S. Foreclosure Sales Report™, RealtyTrac reported that in New York State 2,147 properties in some stage of foreclosure — default, scheduled for auction or bank-owned (REO) — were sold to third parties, a decrease of 20.25 percent from the previous quarter and a decrease of 34.28 percent from the third quarter of 2009.

The average foreclosure sales price in New York State was $287,352, a 29.5-percent discount from the average non-foreclosure sales price. The average REO sales price was a 53.81-percent discount and the average pre-foreclosure sales price was 16.66-percent discount.

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