South Congress, or SoCo as its more commonly known, is one of Austin’s most popular areas. A big push to revitalize the area around 5 years ago caused a major influx of restaurants, bars, food trucks and shops and made South Congress Ave a popular place to spend an evening. Because of its increasing popularity, its rare we would find a foreclosure in SoCo, but it does happen from time to time. Scroll Down to Read More About Foreclosures in SoCo – South Congress.
SoCo – South Congress Foreclosures for Sale
Use our foreclosure search tool below to find foreclosures for sale in South Austin’s SoCo – South Congress neighborhood. Find a foreclosure you like? Want to go inside? Call us at (512) 827-8323 or click “Schedule a Showing” to go inside.
SoCo – South Congress Foreclosures Priority Notification
Because there are so few foreclosures for sale in SoCo – South Congress, the competition for them when they do come onto the market is strong. To make sure you don’t miss out on a potential great deal, sign up for our SoCo – South Congress Foreclosures Priority Notification. Directions for email and RSS are below.
SoCo – South Congress Foreclosures by Email
To sign up for email updates, Click the “Get Email Updates” link at the bottom of the left column of the home search tool above. (Shown in the graphic to the right). Our system will walk you through the rest.
SoCo – South Congress Foreclosures in Your RSS Reader
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More Info About SoCo – South Congress
Looking for more info about South Austin’s SoCo – South Congress neighborhood? You may find our neighborhood guide with area info, real estate, pictures, things to do and places to eat, useful. Visit our SoCo – South Congress Neighborhood Guide.
SoCo – South Congress Foreclosures – 2011 Market Stats
There was one foreclosure that sold in SoCo in 2010 and it sold for $525,000. It took 36 days to sell and the bank received 97.3% of its original list price. The home was a 3 bedroom, 2 bath home with 2,300 sq ft, which is fairly large considering the average home in SoCo is 1,700 sq ft.
SoCo – South Congress Non-Foreclosures – 2010 Market Stats
To compare the data from the bank owned homes in SoCo, we pulled data for homes that were not owned by the bank. There were 45 homes not owned by the bank that sold in SoCo in 2010 for an average of $420,000. It took, on average, 91 days to sell a non-bank owned home in SoCo and sellers received, on average, 90.44%. The bank owned, selling quicker and for more, proved to be a value and was snatched up quickly. I would expect this trend to continue should we see any other bank owned homes in the area.
SoCo – South Congress Foreclosure Buying Guide
To help home buyers looking to buy foreclosures in South Austin’s SoCo – South Congress neighborhood, we’ve put together a handy guide. Visit How to Buy Foreclosures Guide for a free download.
Need Help Finding or Buying SoCo – South Congress Foreclosures?
We can help! We’ve worked with banks and helped buyers negotiate favorable deals. Simply email us at info@AustinRealEstateHomesBlog.com or call us at (512) 827-8323 to schedule a free, no obligation consultation. This will help us understand your needs and help you determine if we’re a good match. But first, check out our Austin Home Buyer Representation Program to see how we’re different.