Pittsburg California Short Sales
Short Sales are becoming the dominate part of the market. You cannot ignore what is going on in with the Short Sale Market.
This report looks at Single Family Home Pittsburg California Short Sales by comparing the Active Market to the Pending Short Sale Market and the Short Sales for the last two months.
There are 73 Pittsburg California Short Sales on the market now with an average asking price of $216,576.00 and a median price of $210,000.00. These Short Sale Homes are listed at an average or $119.00 per SF and have been on the market an average of 51 days.
In July 14 Pittsburg California Short Sales closed escrow with an average price of $179,214.00 and a median price of $176,500.00. The average price per SF on the Short Sales was $110.00 and the homes were on the market for an average of 57 days.
In June Short Sales were brisker, probably due to the anticipation of the deadline on the First Time Home Buyers Tax Credit on June 30. A total of 27 Pittsburg California Short Sales closed escrow in June with an average price of $195,523.00 and a median price of $182,000.00. For Short Sales this is an average price per SF of $113.00 and on average they spent 60 days on the market.
Right now there are 181 Pending Pittsburg California Short Sales with an average list price of $191,202.00 and a median list price of $183,000.00. These Short Sales were on the market for an average of 46 days and had an average list price of $111.00 per SF.
There are too few sales to say there are any trends at this point. However, what is of concern is the number of Pending Short Sales compared to the number of Short Sales that actually happen. The Short Sale process is supposed to be stream lined, but it does not seem to be picking up.
What does this mean for people buying or selling a Short Sale? It means you better get a Realtor®/Broker who has an SFR (Short Sale and Foreclosure Resource Trained) Designation from the National Association of Realtors®. You should also down load or Free e-book that Tells You What You need to Know about Short Sales.
Please Contact me directly with any questions regarding Short Sales or other Real Estate issues.
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