Median price for Columbia foreclosure homes remain at $130,000. In comparison, median for the rest of the state is $160,000. Hold on to you seat because price median for South Carolina foreclosure homes for sale in Myrtle Beach, a remote town, is at $307,000. Analysts and market observers assert that price discrepancies could be because there is a glut of Columbia foreclosure homes for auction. Basically, home buyers and investors are focused at the seaside, outside the city, where the view is scenic, quaint and historic. Most South Carolina foreclosed homes outside Columbia are turned into vacation and retirement homes.

Auctions for foreclosed homes across the state are offering about 20% to 25% discounts to price tags. However, if sellers or auctioneers of the foreclosed homes are experiencing financial pressure, homebuyers and investors could secure up to 50% price off on foreclosed home values. That could translate to really hefty savings. In South Carolina, many home buyers are also opting to snap up homes that are in the initial pre-foreclosure stages. This way, buyers get security and certainty that their target foreclosed homes will all be theirs.