Short Sale Market Report for French Valley / Winchester California 92596

By
Managing Real Estate Broker with David Northup - Aim RE Group Inc, Temecula Realtors® (AIM)

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.

french valley short sale,92596,real estate,market report,winchester short sale,march 2010

***********

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 $-   .

french valley short sale,92596,real estate,market report,winchester short sale,march 2010

***********

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.

french valley short sale,92596,real estate,market report,winchester short sale,march 2010

***********

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.

french valley short sale,92596,real estate,market report,winchester short sale,march 2010

***********

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!

 

Posted by

********* 25% commission rebates through December 2011  -  More Savings $$$ **************

David NorthupDavid Northup - Broker, Realtor®,Owner
Aim Real Estate Group Inc.,
Temecula Real Estate

"Providing Direction For Buyers and Sellers"
& Delivering "Raving Fan" Customer Service in the process 

**Buyers - Contact David for a list of available homes!
**Sellers - Let me provide you with a comparable market analysis that will give you an idea of your home's current value. Even if your home's value is less than the amount you owe, we can still typically make arrangements to sell your home at little or no cost to you.
Call me at (951) 326-0196 or choose one of these other ways to connect with me . . .
Follow me on Active Rain Follow me on Twitter Become a Fan on Facebook Find me on Linked In Follow my Blog Check out Aim's You Tube Channel Let me Google a Great Realtor for you! Email David Northup
*** All information/opinion offered is deemed reliable but not guaranteed. CA DRE License # 01802944 ***

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California Riverside County French Valley
Groups:
Posts to Localism
Local Expert
Tags:
market report
real estate
march 2010
french valley short sale
winchester short sale
92596

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
50,380

David Northup

Ask me a question
*
*
*
*

Additional Information