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Modesto is passing through a growing moment in foreclosure market. Nowadays, we have 124 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. Modesto started September with 190 foreclosures available. October registered a fall to 172 homes, or -9.47%. The city had another down in November: -6.40%, leaving 161 properties in the market. Things got worse in December with a drop to 138 homes in foreclosure available (-14.29%). Opportunities kept scanty for buyers last month, with another fall, when Modesto registered 83 foreclosures, a 39.86% drop comparing to December.
As for the cost, Modesto has a huge difference in prices comparing to all US. Nowadays, investors can buy foreclosure homes in Modesto for $114,301, a value 33.06% below the US average price ($170,764), and a 3.95% increase compared to the prices of January in the city.