This chart below shows our Elk Grove Short Sale activity from April 2009 through June 2010. The light green bar is active listings, dark green is solds and the red line is pending sales.
It's exciting to see that closed sales of Elk Grove Short Sales have doubled in the past year! And pendings are way up also - 75% up! As you might expect, short sale listings have increased also. We are experiencing much more success in the area of short sales. We closed 8 short sale transactions last month alone! And received an approval in 30 days on a Bank of America Short Sale through the Equator system.
The next chart represents the months of inventory for Elk Grove Short Sales. This is significantly lower than where we have come from over the past year. Currently when we put an Elk Grove Short Sale on the market we are seeing offers within the first 30 days...often times we are receiving multiple offers. We currently sit at 2.4 months of inventory, which means if no more listings were to come on the market, the current inventory would be pending within 2.4 months.
To find out more about short sales and If a Short Sale is Right for You... check out www.ElkGroveShortSale.com. As the number of distressed homeowners has climbed significantly over the past few years we have become very focused on helping these distressed homeowners. We have special training as Certified Distressed Propery Experts along with NAR's Short Sale and Foreclosure Certification or SFR.
If you are a seller and wish to contact us for a FREE consultation regarding a possible short sale on your home, call us at (916) 230-0371 or send email to Lori@ModeandDurhaM.com.
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