Dana Point Short Sale Realtor Market Analysis

Dana Point Short Sale Experts

This market summary is for all property listings, as compared to short sales in Dana Point , California. This report was generated by the short sale specialists at the Short Sales ASAP group, who are number one in terms of the volume of  short sale property listings sold and closed in Orange County. Below is a tabulation of the statistics we have gathered for residentail real estate on this day, for Dana Point – Orange County, California:

Dana Point – Detached Homes Active for Sale:

• Total Listings: 155
• Median price: $1,175,000
• Average price per square foot: $634
• Number Short Sale Listings: 31
• Ratio of Short Sale to Total Listings: 20.0%
• Median price of Short Sale Listings: $729,000
• Average Price per Square Foot of Short Sale Listings: $378

Dana Point – Attached Condos Active for Sale:

• Total Listings: 77
• Median price: $499,900
• Average price per square foot: $399
• Number Short Sale Listings: 24
• Ratio of Short Sale to Total Listings: 31.2%
• Median price of Short Sale Listings: $325,000
• Average Price per Square Foot of Short Sale Listings: $321

Dana Point – Detached Homes Pending in Escrow:

• Total In Escrow: 52
• Median price: $1,450,000
• Number Short Sales In Escrow: 32
• Ratio of Short Sale to Total Pending: 61.5%
• Median price of Short Sales In Escrow: $625,000

Dana Point – Attached Condos Pending in Escrow:

• Total In Escrow: 46
• Median price: $355,000
• Number Short Sales In Escrow: 29
• Ratio of Short Sale to Total Pending: 63.0%
• Median price of Short Sales In Escrow: $339,900

Dana Point – Detached Homes Sold in Past 90 Days:

• Total Sold: 40
• Median price: $699,000
• Average price per square foot:  $362
• Number Short Sales Sold: 12
• Ratio of Short Sales to Total Sold: 30.0%
• Median price of Short Sales Sold: $585,000
• Average Price per Square Foot of Sold Short Sales: $301

Dana Point – Attached Condos Sold in Past 90 Days:

• Total Sold: 40
• Median price: $435,000
• Average price per square foot:  $343
• Number Short Sales Sold: 11
• Ratio of Short Sales to Total Sold: 27.5%
• Median price of Short Sales Sold: $381,000
• Average Price per Square Foot of Sold Short Sales: $314

One of the important things to note is the high rate of failure when it comes to closing short sales. Look at the ratio of Pending In Escrow short sales to Total Listings for Condos which is 63.0% .  Then compare that to the ratio of Sold short sale condos to Total sold Condos, which is 27.5% .   This large decrease in Ratios from Pending in Escrow to Sold, shows that Short Sales failto cloase at a high rate today in Dana Point.

The reason being, is that many local Realtors do not have the training or experience in order to close short sales at a high rate of success.  Short sales are the most complex of all residential transactions and require skill, and expertise in order to close at a high rate of success. It is important for Dana Point homeowners, who owe more than their home is worth, to work with an experienced short sale realtor. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com .