Sales of lender mediated property rose in Sept 2009 to 39.4% of the total sold inventory. This compares to less than 10% of the sales prior to Jan 2008. The average sales price was approximately $145,000.
Lender mediated sales are the result of Short Sales and sales of foreclosed real estate. This reduction in the price of homes has resulted in an increase in the number of homes sold. With the extension of the $8000 tax credit for first time homebuyers and the new $6000 tax credit for 2nd time homebuyers, the real estate market should continue to attract buyers.
Additional information about the Short Sale process can be found in Local News and North Florida Short Sales Specialist.
Please call James Angelo 904-412-7889 to discuss your Real Estate Needs. We specialize in negotiating with banks - Call to sell your house.
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