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Bailey is passing through a growing moment in foreclosure market. Nowadays, we have 181 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. Bailey started September with 132 foreclosures available. October registered a rise to 195 homes, or 47.73%. The city had a down in November: -5.64%, leaving 184 properties in the market. Things got worse in December with a drop to 172 homes in foreclosure available (-6.52%). Opportunities went abundant for buyers last month, with a rise, when Bailey registered 178 foreclosures, a 3.49% increase comparing to December.
As for the cost, Bailey has a huge difference in prices comparing to all US. Nowadays, investors can buy foreclosure homes in Bailey for $236,949, a value 38.76% above the US average price ($170,764), and a 0.98% decrease compared to the prices of January in the city.