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Lancaster is passing through a growing moment in foreclosure market. Nowadays, we have 143 foreclosures available in the city. And compared to last month things got easier for those who want to invest, with more foreclosures in the market and more chances of deals. Lancaster started September with 194 foreclosures available. October registered a fall to 183 homes, or -5.67%. The city had another down in November: -12.02%, leaving 161 properties in the market. Things got worse in December with a drop to 127 homes in foreclosure available (-21.12%). Opportunities kept scanty for buyers last month, with another fall, when Lancaster registered 96 foreclosures, a 24.41% drop comparing to December.
As for the cost, Lancaster has a small difference in prices comparing to all US. Nowadays, investors can buy foreclosure homes in Lancaster for $123,586, a value 27.62% below the US average price ($170,757), and a 3.39% increase compared to the prices of January in the city.