Placentia Short Sale Realtor Market Summary.

by Vincent Bindi on February 22, 2010

Short Sales ASAP
Placentia Short Sale Experts

This residential real estate study is generated by the specialists at the ShortSalesASAP group, who are experts in short sale negotiations, marketing and sales for property owners in Placentia and elsewhere in south Orange County. The two tables below show statistics for properties Active for Sale, Pending in Escrow, and Sold in the past 90 days, for both detached homes and attached condos. This study also highlights the stats for all properties, Short Sales, bank owned REO’s, and total distressed properties. A distressed property is simple the total of Short Sale and bank owned REO properties. The values of median price and price per square foot are used for they are more accurate indicators of property values as compared to Average prices.

Detached Homes Statistics 

Detached Homes – Status # of Homes % of Total Median Price $/SqFt
For Sale – All Listings 71 100% $499,999 $255
For Sale – Short Sales 25 35% n/a n/a
For Sale – Bank REO’s 6 8% n/a n/a
For Sale – All Distressed 31 44% $459,000 $230
In Escrow – All Listings 51 100% $699,000 n/a
In Escrow – Short Sales 19 37% n/a n/a
In Escrow – Bank REO’s 5 10% n/a n/a
In Escrow – All Distressed 24 47% $669,999 n/a
Sold – All Listings 68 100% $487,625 $246
Sold – Short Sales 12 18% n/a n/a
Sold – Bank REO’s 14 21% n/a n/a
Sold – All Distressed 26 38% $435,000 $240

 

Attached Condos Statistics

Attached Condos – Status # of Condos % of Total Median Price $/SqFt
For Sale – All Listings 31 100% $290,000 $234
For Sale – Short Sales 18 58% n/a n/a
For Sale – Bank REO’s 3 10% n/a n/a
For Sale – All Distressed 21 68% $250,000 $220
In Escrow – All Listings 31 100% $242,500 n/a
In Escrow – Short Sales 16 52% n/a n/a
In Escrow – Bank REO’s 7 23% n/a n/a
In Escrow – All Distressed 23 74% $229,900 n/a
Sold – All Listings 24 100% $275,000 $176
Sold – Short Sales 11 46% n/a n/a
Sold – Bank REO’s 5 21% n/a n/a
Sold – All Distressed 16 67% $230,000 $133

Short Sales are the most complex of all residential transactions.  Therefore, it is important for Placentia home owners to work with an experienced short sale professional, who has a proven track record of results.  The expert realtors at ShortSalesASAP group close over 95% of their short sale listings, and are ranked #1 in Orange County is closed short sale volume. For more questions about short sales, or if you owe more than your home is worth, please feel free to contact us at: (949) 683-2747,  or email us at: Info@ShortSalesASAP.com.  Visit our website for more information about the www.PlacentiaShortSaleExpert.com

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