Las Vegas Sun

February 7, 2023

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Nevada leads nation in sale of foreclosure homes

The percentage of Nevada foreclosure homes sold in the third quarter dipped, but the state still leads the nation in those transactions, according to a report released by California-based RealtyTrac.

The firm said the 8,917 foreclosure sales accounted for 54 percent of all sales in Nevada, down from 56 percent in the second quarter and 62 percent in the third quarter of 2009.

The average foreclosure sales price was $135,221, which was a 19 percent discount from properties that weren’t sold as foreclosures, RealtyTrac reported.

Arizona ranked second with nearly 47 percent of all of its sales being foreclosure properties. That’s a 27 percent decrease from the second quarter. Arizona properties in some stage of foreclosure had an average price discount of 39 percent.

Foreclosure sales accounted for nearly 40 percent of all sales in California and the average discount was 39 percent, RealtyTrac reported.

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