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Philadelphia is passing through a growing moment in foreclosure market. Nowadays, we have 103 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. Philadelphia started September with 48 foreclosures available. October registered a rise to 66 homes, or 37.50%. The city had a down in November: 0.00%, leaving 66 properties in the market. Things got worse in December with a drop to 66 homes in foreclosure available (0.00%). Opportunities went abundant for buyers last month, with a rise, when Philadelphia registered 92 foreclosures, a 39.39% increase comparing to December.
As for the cost, Philadelphia has a huge difference in prices comparing to all US. Nowadays, investors can buy foreclosure homes in Philadelphia for $86,862, a value 49.13% below the US average price ($170,764), and a 100.00% decrease compared to the prices of January in the city.