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Selling a home in Coral Springs - What sold in your neighborhood during October 2011?
Selling a home in Coral Springs - What sold in your neighborhood during October 2011?
Coral Springs single family home sales decreased this month again by almost 4% to 74 homes sold; not a large decrease as compared to last months yet it's going the wrong way. We'll hope for an increase in real estate sales next month. Of these Coral Springs homes listed for sale below, over 27% of them sold as a Short Sale, which is an Increase from last month sales of 20%. Whereas, just over 19% of the homes sold were sold as REO/Bank owned which is an decrease from last month. Almost 46% of homes sold in Coral Springs were distressed properties during October 2011 and increase from last month; those homes that have been foreclosed on and those homes which are trying to avoid being foreclosed upon. This continues to indicate that distressed property home sales are competing ever more with non-distressed Sellers selling their homes in Coral Springs which continues to reflect on home selling prices. This month however has indicated an increase in Short Sales; perhaps Lenders are seeing the benefit of approving Short Sales opposed to foreclosing on homeowners. As previously reported, distressed properties will continue to be a major ... more

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