North Port distressed sales down

NORTH PORT -- The number of distressed sales listed on the North Port residential real estate market is down considerably, but homes involved in the foreclosure process continue to dominate actual closings.

In September, 170 distressed properties were listed for sale, according to a report released by Michael Saunders & Co., down 58% from the same month a year ago when 404 such properties were listed.

But of the 103 properties sold in the month, 53 were either bank-owned or involved in a short sale. In September 2010, 157 properties were sold, including 107 distressed properties.

The average sale price for North Port residential properties last month was $134,000, down from $137,000 in the same month a year ago.