10 Best Beach Towns for Buying Foreclosures
If you have ever dreamed about that vacation home by the beach or an investment property for seasonal rental, there is still plenty of opportunity for you to find foreclosure homes for sale in many of the most attractive beach communities in the nation. Check out our list of the 10 hottest beach locations with some of the best discounts available in today’s real estate market.
To compile the Top 10 list we started with internet research for lists of top U.S. beach towns from a variety of sources to get a feel for some of the most popular beach locations for surfing, family vacations, etc. We then looked at our foreclosure sales data to identify popular beach towns with the biggest discounts on foreclosure purchases in the first quarter of 2012
| Metro Area |
Q1 2012 Foreclosure Sales |
% of All Sales |
Avg Sales Price |
Avg Foreclosure Discount % |
| Sebastian-Vero Beach, FL |
227 |
21.46 |
$93,188 |
45.11 |
| Corpus Christi, TX |
152 |
11.44 |
$78,851 |
44.38 |
| Naples-Marco Island, FL |
564 |
16.17 |
$156,148 |
40.43 |
| Santa Barbara, CA |
537 |
46.78 |
$274,077 |
38.80 |
| Charleston, SC |
530 |
20.42 |
$159,065 |
34.42 |
| Hilton Head Island, SC |
159 |
19.78 |
$202,454 |
31.14 |
| Atlantic City, NJ |
114 |
12.68 |
$161,819 |
30.83 |
| Honolulu, HI |
140 |
6.09 |
$345,799 |
30.56 |
| Barnstable, MA (Cape Cod) |
151 |
6.83 |
$237,405 |
30.34 |
| Santa Cruz, CA |
326 |
38.81 |
$355,604 |
28.17 |
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