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2010 Snapshot - Arroyo Grande Foreclosure Market
Wondering what the market for home and condo foreclosures is like in Arroyo Grande?  Here is your market snap shot answer:
 
Shops in the Old Town Arroyo Grande Village  
Arroyo Grande, California foreclosure activity:  There are 233 active and pending homes and condos in the city of Arroyo Grande.  Of those 233 properties, 28 homes are foreclosures (12%) and 45 are short sales (19.3%).  Looking back six months, there have been 153  sales in Arroyo Grande  with an average listing price of $559, 854 and an average selling price of $534,838, so sellers are getting about 95.5% of their asking prices in Arroyo Grande indicating that there is some bargaining room for buyers in the Arroyo Grande market.   Average days on market were a little over three months, at 101 days with $243 per square foot paid. 
Of the 153 property sales in the past six months, 24 were foreclosures (15.6%) and 24 were short sales (15.6%).   So, about one third of the sold homes and condos in Arroyo Grande were either a foreclosure or a distress sale.  Looking at sold foreclosures, the average selling price is much lower than the average for Arroyo Grande at $416,417 and $192 ... more

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