Brian, Beth and Burnett Realty

Your "B Team"!

Foreclosure Properties For Sale in the Des Moines Market

Investors can profit from forclosure homes in many different ways. Some make good rentals and others can be flipped and resold for profit.  Here is a look at the most recent inventory levels of investor opportunity homes.
 

January, 2007

As of January 2007 there are currently a total of 7,297 homes both for sale, and under contract in the Des Moines Area Multiple Listing Service. 

Of these listings, 243 homes are being sold by lenders, after being foreclosed on. Another 179 homes are noted as being in a pre-foreclosure (short sale) status, meaning the seller mortgage amount exceeds the amount the seller expect to receive, after selling their home. Short sales can indicate a homeowner who is in financial distress.

Foreclosure and pre-forclosure homes for sale account for nearly 6% of the total homes for sale in our area.

If you plan to sell or buy a home in the greater Des Moines, Iowa area, having a REALTOR who stays on top of the ever changing market can be a valuable asset to you! Contact us today to discuss your plans!

Also See:
Des Moines Iowa Real Estate Sales Activity: December 07: 9.9 Months of Inventory
Des Moines Iowa Real Estate: Average Time to Sell a Home in 2007 vs. 2006

Brian Wentz & Beth Ernst
Burnett Realty
515-334-4994
www.BrianWentzRealtor.com

Helping you buy and sell rental and rehab homes in Des Moines Iowa, including Urbandale, Clive, Beaverdale, West Des Moines, Johnston, Ankeny and Waukee.