10 beach towns with bargain home prices

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Vero Beach, Fla.
Corpus Christi, Texas
Naples, Fla.
Santa Barbara, Calif.
Charleston, S.C.
Hilton Head Island, S.C.
Atlantic City, N.J.
Honolulu, Hawaii
Barnstable, Mass. (Cape Cod)
Santa Cruz, Calif.

Foreclosure News Report analyzed foreclosure sales data compiled by RealtyTrac. It ranked all metro areas nationwide based on the average percentage discount on a foreclosure purchase in the first quarter of 2012. Beach towns were filtered out of the list and then ranked by average discount to market value, defined as the sales price of nondistressed homes.

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