Augusta Economy

More News | Fort Gordon | Plant Vogtle | Savannah River Site | Editor

Distressed homes in Augusta selling for 28 percent less

  • Follow Business

Distressed homes in the Augusta metro area – those on the market as foreclosures or short sales – are selling for a 28 percent discount compared to homes that are not distressed.

Online housing data company RealtyTrac said in its January foreclosure sales report that the median price for a distressed home was $74,200, up from $66,565 in December. A “normal” home was selling for a median price of $103,000 in January, RealtyTrac reported.

The national median sales price of U.S. residential properties – including both distressed and non-distressed sales – was $165,957 in January, down 3 percent from December.

The national distressed discount is 40 percent.


Top headlines

Historic building on Laney campus demolished

The demolition of the 89-year-old Cauley-Wheeler building on the Lucy C. Laney High School campus is over, but the plan for a building that will act as a link to the former site and its story has ...
Search Augusta jobs