MARCH 2010. This is a local Short Sale Real Estate Market Report for those wanting information about Short Sales in French Valley, Winchester, California 92596. If you've been told a Short Sale is your only choice, call and ask me about ALTERNATIVE SELLING OPTIONS. You may have other options.
The volume of activity for Single Family Residences includes 86 Active listings, 39 properties in escrow and 12 homes that have closed in the last 30 days. Recent activity for Condos includes 15 Active listings, 3 homes in escrow and 0 homes that closed in the last 30 days.
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Pricing activity for Single Family Residences shows an average list price of $260,143 for Active listings and an average list price of $232,813 for properties in escrow. For SFRs that closed in the last 30 days the average LIST price was $234,225 , while the average SALE price was $230,656 . Pricing activity for Condos shows an average list price of $131,861 for Active listings and an average list price of $117,933 for those properties in escrow now. For Condos that closed in the last 30 days the average LIST price was $- , while the average SALE price was $- .
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Price per square foot calculations show that for SFRs the average $/SF of Active listings is $95.24 /SF, for properties in escrow the average is $87.16 /SF and for properties that closed in the last 30 days the average was $89.81 /SF. For Condos the average $/SF of Active listings is $90.91 /SF, for Condos in escrow the average is $81.79 /SF and for condos that closed in the last 30 days the average was $- /SF.
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Sellers and buyers are both interested in how long it takes to close a transaction these days. Most market reports will evaluate the Days On Market (DOM) figure but this number doesn't give a full picture of how long it's really taking to get an escrow closed. The DOM number counts the number of days the property is marketed but ignores how long everyone waited for bank approvals while it's in escrow. The wait has been increasing for both buyers (for approval on new financing) and sellers (for approval on a short sale). The following statistics include the usual DOM figure as well as a "Total Days" value which represents the total number of days since the property was listed.
For SFRs that have closed in the last 30 days, the average number of days the property was marketed was 134 while the average number of days from listing to closing was 170. For Condos that have closed in the last 30 days, the average DOM was 0 while the Total Days average was 0.
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This information is provided by Aim Real Estate Group Inc. and is intended for use by those who may be looking to buy an REO property in French Valley, Winchester, California 92596. Statistics presented here do not include For Sale By Owner or New Construction. All information deemed reliable but is not guaranteed. Please call (951) 326-0196 for a list of available properties and/or to schedule a tour of the homes that interest you!
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