Short Sales in Oakley Oakley
Short Sales have become the dominate part of the market. You cannot ignore what is going on with Short Sales.
This report looks at Single Family Home Short Sales in Oakley California by comparing the Active Market to the Pending Short Sale Market and the Short Sales for the last two months.
There are 60 Active Short Sales in Oakley California on the market now with an average asking price of $247,581.00 and a median price of $229,725.00. These Short Sale Homes are listed at an average or $109.00 per SF and have been on the market an average of 68 days.
In July 23 Short Sales in Oakley California closed escrow with an average price of $231,552.00 and a median price of $216,700.00. The average price per SF on the Short Sales was $116.00 and the homes were on the market for an average of 29 days.
In August Short Sales there were a total of 21 Short Sales in Oakley California closing escrow with an average price of $195,638.00 and a median price of $186,000.00. For Short Sales this is an average price per SF of $117.00 and on average they spent 17 days on the market.
Right now there are 122 Pending Short Sales in Oakley California with an average list price of $209,859.00 and a median list price of $189,950.00. These Short Sales were on the market for an average of 46 days and had an average list price of $109.00 per SF.
There are too few sales to say there are any trends at this point. However, what is of concern is the number of Pending Short Sales compared to the number of Short Sales that actually happen. The Short Sale process is supposed to be stream lined, but it does not seem to be picking up.
What does this mean for people buying or selling a Short Sale? It means you better get a Realtor®/Broker who has an SFR (Short Sale and Foreclosure Resource Trained) Designation from the National Association of Realtors®. You should also down load or Free e-book that Tells You What You need to Know about Short Sales.
Please Contact me directly with any questions regarding Short Sales or other Real Estate issues.