No shock here, but there is an increasing volume of Florclosure sales in Lehigh Acres, but short sales are out pacing all.
One year ago there were very few foreclosure sales, 21 short-sales and 19 non-distressed sales. The number of sales has declined throughout the year and currently in the month of May no non-distressed sales have occurred and the number of foreclosure sales have caught up with short-sales.
It is clear to see that these types of sales have had a negative impact on market values with overall price declines in the Lehigh Acre marketplace. Typically, when homes are sold at foreclosure or offered as a short-sale they are offered at prices that will result in a quick sale, within 60-90 days.
What's happening in your marketplace.