Short Sale Stats for La Quinta, California. Short Sales in the City of La Quinta are trending down. The total numbers being listed for sale has dropped significantly over the past 10 months. Let’s take a look at the Statistics for La Quinta Short Sales starting in October, 2010 and ending in December 2011.
Homes Listed for Sale:
October, 2010 saw a peak of 160 homes Listed as Short Sales in La Quinta. November and December, 2010 hovered at approx. 143 homes total to finish out 2010. Then January, 2011 saw an increase to 150 Short Sales listed, but since then, every month continues to see a drop in total listings. Feb, Mar, April, 2011 saw approx. 120 homes listed. By May, La Quinta only had 111 homes listed as Short Sales. June and July saw a dramatic drop to 95 homes listed, August and September dropped anotehr 10 to 85. November and December of 2011 saw an even steeper drop in total Short Sales listed..only 57 were listed in December!
Short Sales CLOSED:
As the numbers of Short Sale listings dropped, the CLOSED short sale numbers have remained about the same. Meaning..there is a higher % of Listed Short Sales actually closing month over month.
In October of 2010 there were 160 total listed and only 22 closed.
In December 2011 when there were only 57 listed total, but 25 of those CLOSED! That’s a remarkable improvement in % of Closed Short Sales.
Two things to take away..
1. There are less Short Sales being listed in La Quinta.
2. Of the homes being listed as Short Sales, there are approx. 50% of them getting closed.
It remains to be seen here in the Palm Springs Valley, whether Short Sale Listings will remain steady at their reduced numbers through 2012, rise, or fall???
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