January foreclosures up 35% from last month in SC
2009/02/23, 3:58 pm
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Monday, 23 February 2009
SCBIZ Daily StaffCHARLESTON — Aside from Greenville County, most large counties showed an increase in January foreclosure numbers in South Carolina, but overall the state still beats the national ratio of one home for every 466 being in foreclosure.

State foreclosures increased 35%, according to figures provided by national real estate tracking firm RealtyTrac.

Nationally, foreclosures decreased by 10% with 274,399 properties in some state of foreclosure. In South Carolina, 2,463 properties were in foreclosure, up from 1,813 homes in December.

South Carolina is still below the national trend for foreclosures. January numbers indicate that one home for every 821 homes in South Carolina is in foreclosure. Across the U.S., one home out of every 466 homes is in foreclosure.

Nevada is still the state with the highest rate of foreclosures with one out of every 76 homes in foreclosure. Florida saw its numbers drop 20%, but it remained the fourth highest in the country. Ohio finished up the top 10 with one out of every 452 homes in foreclosure. South Carolina checked in at 21.

Except for Richland and Fairfield, every county in the Midlands saw a decrease in foreclosures from December to January. Richland went from 65 homes in December to 121 in January, but that’s still only one out of every 1,270 homes in foreclosure. Charleston County, by comparison, has one out of every 329 homes in foreclosure.


Midlands  January  December
Richland  121 65
Lexington  25 34
Kershaw  24 28
Fairfield  19 3
Newberry 12 14
Lowcountry  January December
Charleston  515 142
Dorchester  165 129
Berkeley  177 107
Upstate  January  December
Greenville  394 590
Spartanburg  54 66
Anderson 34 36

Published Feb. 23, 2009

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