The forclosure wagon has come to halt in Vista. This chart shows how the foreclosure process is at a snails pace in Vista. There may be hundreds of borrowers in Vista not paying their mortgage, however it does not matter the foreclosure ship has sailed. Short Sales, Loan Modification and deed n lieu are the new frontier.
The cancellations are a result of successful short sales and loan modifications.
The servicer's sure are taking there time to approve short sales:
If they continue at this pace, this will drag on for years.
This analysis is brought to you by the experts at the Oak Tree Realty group, who specialize in short sale, negotiations, marketing and sales here in San Marcos.
This report shows the statistics for Active for Sale
Currently, there are 255 detached homes listed for sale in Vista, California. The Average price of these homes for sale is $512,000 of these active listings 60 are short sales, which represent 23% of the total inventory of detached homes for sale. The average price of these short sale properties is 359,755,000 We have 21 active Bank owned properties, which represent 8% of the market.
There are now 30 Attached homes listed for sale in Vista. CaliforniaThe average price for these listed Attached homes are $183,198. Of this total, 14 are short sale listings. The average price of these short sale units is $171,524. The ratio of short sale condo listings to the total listings is 46%. We have 7 active bank owned properties, which represents 23% of the market.
Email for more detail information on the housing market in Vista California?
Comments (0)Subscribe to CommentsComment