Short Sales in Oakley California 94561

By
Real Estate Broker/Owner with Home Point Real Estate DRE # 01492725

Short Sales in Oakley California 94561

Short Sales have become the dominate part of the market. You cannot ignore what is going on with Short Sales. I expect that in 2011 Banks will begin to ease and speed up the Short Sale process.

This report looks at Single Family Homes that are Short Sales in Oakley California 94561 by comparing the Active Market to the Pending Short Sale Market and the Short Sales for the last two months. 

There are 59 Active Short Sales in Oakley California 94561 on the market now with an average asking price of $233,843.00 and a median price of $225,000.00. These Short Sale Homes are listed at an average or $106.00 per SF and have been on the market an average of 73 days.

In November 11 Short Sales in Oakley California 94561 closed escrow with an average price of $211,181.00 and a median price of $175,000.00. The average price per SF on the Short Sales was $114.00 and the homes were on the market for an average of 68 days.

In October there were 14 Short Sales in Oakley California 94561 with an average price of $197,285.00 and a median price of $178,500.00. For Short Sales this is an average price per SF of $114.00 and on average they spent 37 days on the market.

Right now there are 113 Pending Short Sales in Oakley 94561 with an average list price of $205,217.00 and a median list price of $199,500.00. These Short Sales were on the market for an average of 45 days and had an average list price of $107.00 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 get our Free e-book that Tells You What You need to Know about Short Sales.

Please Contact me directly or e-mail me with any questions regarding Short Sales or other Real Estate issues.

Comments (3)

Joshua Harley
Fathom Realty - Plano, TX
CEO, Tech Geek, Innovator, Disruptor, US Marine

This is great information!  Someone who is looking for Short Sales in California will definitely see that now is the time to act!

Dec 29, 2010 06:53 AM
Michele Miller ~ REALTOR®, LMC, HSE, CHS, SRES, CMRS
ERA Key Realty~Worcester County Realty Group - Worcester, MA
'Helping You Make the Best Move"

Wow, Gene, I can't believe some of the prices on these homes!

Thank you for the information!

Dec 29, 2010 08:09 AM
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Oakley is a great community with great prices on homes.  Short Sales are a challenge, so buying or selling it is important to get the right agent.

Dec 29, 2010 08:12 AM