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Elizabeth is passing through a down moment in foreclosure market. Nowadays, we have 129 foreclosures available in the city. And compared to last month things got more complicated for those who want to invest, with less foreclosures in the market and less chances of deals. Elizabeth started September with 68 foreclosures available. October registered a rise to 139 homes, or 104.41%. The city had a down in November: -4.32%, leaving 133 properties in the market. Things got worse in December with a drop to 129 homes in foreclosure available (-3.01%). Opportunities went abundant for buyers last month, with a rise, when Elizabeth registered 130 foreclosures, a 0.78% increase comparing to December.
As for the cost, Elizabeth has a huge difference in prices comparing to all US. Nowadays, investors can buy foreclosure homes in Elizabeth for $359,269, a value 110.41% above the US average price ($170,744), and a 0.89% decrease compared to the prices of January in the city.