Short Sales in Antioch California 94509

Short Sales in Antioch California 94509

Short Sales in Antioch California 94509 are becoming the dominate part of the market. Of the two Zip Codes in Antioch 94509 is the more established parts of town, featuring many fine homes, including a lot of single story ranch style homes at great prices. There are 81 Short Sale Homes on the Market in Antioch California 94509 which is almost half of the active market.

Only 13 Short Sale Homes closed escrow in Antioch California 94509 in November and 17 Short Sale Homes closed escrow in December.

The sales pick up is encouraging and I have seen this in other areas in December, even thought that is a traditionally slow month. What concerns me is that there are currently 103 Pending Short Sale Homes in Antioch California 94509. These means that at this rate it could take 6 months to close that entire pending; assuming they were to all close.

The asking price for Short Sale Homes is lower on an average cost per SF Basis ($105.00) than the average SF cost of all the homes on the market ($111.00). This may because it is hard to get an offer on Short Sale homes compared to the rest of the market in Antioch California 94509.

However, the actual Sales Price on Short Sale Homes is about the same on average based on SF. In November Short Sales in Antioch California 94509 sold for $107.00 per SF on average while the overall average was $105.00. In December Short Sales Sold for $105.00 per SF and the overall average per SF was $103.00.

I suspect an issue with the Short Sales is the prices need to be lowered in order to keep buyers interested as most buyers do not like the wait. However, with the prices coming in lower on the Short Sales it takes even longer to get approval from the banks, only making the problems worse.

As a Buyer or a Seller of a Short Sale Home there are two important things you can do. Make sure your Realtor has his/her SFR Designation (Short Sale and Foreclosure Resource) and request these Free Booklets on Selling and Buying a Short Sale Home.

I am a Realtor with an SFR Designation. If you need assistance with real estate in Antioch California 94509 or beyond Contact Me Now!