 Newport Beach 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 Newport Beach 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 property listings as compared to Short Sales. 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 | 346 | 100% | $1,999,500 | $607 |
| For Sale – Short Sales | 17 | 5% | $999,000 | $484 |
| In Escrow – All Listings | 72 | 100% | $1,208,000 | n/a |
| In Escrow – Short Sales | 28 | 39% | $970,000 | n/a |
| Sold – All Listings | 98 | 100% | $1,237,500 | $530 |
| Sold – Short Sales | 11 | 11% | $950,000 | $419 |
Attached Condos Statistics
| Attached Condos – Status | # of Condos | % of Total | Median Price | $/SqFt |
| For Sale – All Listings | 164 | 100% | $859,000 | $493 |
| For Sale – Short Sales | 22 | 13% | $395,000 | $370 |
| In Escrow – All Listings | 50 | 100% | $525,000 | n/a |
| In Escrow – Short Sales | 29 | 58% | $399,000 | n/a |
| Sold – All Listings | 46 | 100% | $551,000 | $433 |
| Sold – Short Sales | 8 | 17% | $551,000 | $364 |
As can be seen in the above table for pending In Escrow Condos, 58% of the pending listings are short sales, but only 17% of the properties sold in the past 3 months were short sales. This illustrates that short sales have been failing at a very high rate. This is caused by many agents not having sufficient training and experience in order to close these more complex transactions with a high rate of success. 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. For more information about short sales, visit our website at: www.NewportBeachShortSaleExpert.com
We are not the FHA, VA, USDA, HUD or any other government organization. The content on this blog is intended for information purposes only. 
