Ever wonder how many short sales are REALLY on the market?
I know I have. We hear in the media day in and day out about the short sale epidemic. Short sale this, short sale that. I decided to find out for you what is really going on. So much hype but what is the real story? How many?
With Bloomingdale Homes that closed within the last 5 months there has been virtually a small percentage (2.5%) of homes going short sale. But, unfortunately there is a larger percentage of foreclosures which my graph will represent. An 'Arms Length' transaction is a regular sale between a seller and buyer.
So with Bloomingdale Homes we have seen less than a quarter the foreclosure total (20%) as regular transactions close (77%). Very sad indeed seeing that number increase but a happy beginning for the new owners.
If you are looking for an experienced agent that knows the local market inside and out? I'd be happy to discuss your buying or selling possibilities with you!