Top ten foreclosure markets for new homebuyers.

Some real estate markets are better than others for first time homebuyers looking for a foreclosure bargain. RealtyTrac compiled the top 10 metropolitan foreclosure markets for first time buyers:

  1. Tucson, Ariz.
  2. Reno, NV
  3. St. Louis, MO
  4. Columbia, S.C.
  5. Fresno, Calif.
  6. Gainesville, GA
  7. Redding, Calif.
  8. Visalia, CA
  9. Las Vegas, NV
  10. Myrtle Beach, S.C.

At $124,100, the Fresno metro area had the highest average sales price of any market on the list. St. Louis posted the lowest price at $85,230.