As of this date, there are 329 foreclosures actively listed in the MLS. Over the past 12 months there have been 756 distressed sales, which comes out to 5.2 months of inventory. That is a sellers market for distressed sales.

Banks have been listing REO properties at aggressive prices which have caused bidding wars in many instances. Cash buyers have increased; a sign that smart money knows now is the time to get back into the market for investors.

High-end distressed sales have been gobbled up the fastest; there are only 3 distressed listings on the market in Forsyth County listed over $1M. Communities like St. Marlo, Creekstone Estates, Vickery and The Polo Fields have had their fare share, but they tend to go quickly - meaning that there are plenty of buyers still looking to get into those communities.

Fare warning to investors and deal-seekers; opportunity is still knocking, but it won’t be for long and it’s getting very competitive.