12 Cities Where You Can Buy a Foreclosed Home for Half Price

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San Francisco
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Alamo Square in San Francisco.

Foreclosure related sales account for 19 percent of all home sales in the third quarter, according to RealtyTrac's latest foreclosure sales report. Across the country, there were 193,059 foreclosure sales in the third quarter, and they sold at a discount of 31.81 percent.

We drew on the report to highlight the 12 metros with foreclosure savings higher than 45 percent.

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Atlanta (Maulim/Flickr)

1. Atlanta-Sandy Springs-Marietta, Georgia

Foreclosure savings:
45.64 percent
Avg. foreclosure sales price: $113,385
Number of sales: 10,286
1 in every 112 housing units received a foreclosure filing in the third quarter

2. Boston-Cambridge-Quincy, Massachusetts-New Hampshire

Foreclosure savings:
45.76 percent
Avg. foreclosure sales price: $231,388
Number of sales: 1,480
1 in every 447 housing units received a foreclosure filing in the third quarter

3. Toledo, Ohio

Foreclosure savings:
45.91 percent
Avg. foreclosure sales price: $64,072
Number of sales: 569
1 in every 140 housing units received a foreclosure filing in the third quarter

4. Springfield, Massachusetts

Foreclosure savings:
45.99 percent
Avg. foreclosure sales price: $115,409
Number of sales: 246
1 in every 369 housing units received a foreclosure filing in the third quarter

5. San Francisco-Oakland-Fremont, California

Foreclosure savings:
46.09 percent
Avg. foreclosure sales price: $350,160
Number of sales: 4,541
1 in every 178 housing units received a foreclosure filing in the third quarter

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Milwaukee River (ifmuth/Flickr)

6. Milwaukee-Waukesha-West Allis, Wisconsin

Foreclosure savings:
46.55 percent
Avg. foreclosure sales price: $111,225
Number of sales: 952
1 in every 215 housing units received a foreclosure filing in the third quarter

7. Columbus, Ohio

Foreclosure savings:
46.79 percent
Avg. foreclosure sales price: $99,846
Number of sales: 1,252
1 in every 182 housing units received a foreclosure filing in the third quarter

8. Memphis, Tennessee

Foreclosure savings:
47.82 percent
Avg. foreclosure sales price: $82,186
Number of sales: 574
1 in every 365 housing units received a foreclosure filing in the third quarter

9. Harrisburg-Carlisle, Pennyslvania

Foreclosure savings: 47.82 percent
Avg. foreclosure sales price: $88,681
Number of sales: 92
1 in every 481 housing units received a foreclosure filing in the third quarter

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Chicago (mrzeon/Flickr)

10. Chicago-Naperville-Joliet, IL-IN-WI


Foreclosure savings: 48.32 percent
Avg. foreclosure sales price: $139,650
Number of sales: 9,262
1 in every 98 housing units received a foreclosure filing in the third quarter

11. Cleveland-Elyria-Mentor, Ohio

Foreclosure savings:
49.95 percent
Avg. foreclosure sales price: $75,883
Number of sales: 1,406
1 in every 156 housing units received a foreclosure filing in the third quarter

12. Dayton, Ohio

Foreclosure savings:
52.13 percent
Avg. foreclosure sales price: $60,150
Number of sales: 650
1 in every 205 housing units received a foreclosure filing in the third quarter

Source: RealtyTrac

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