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 in Oakley California 94561 are becoming the dominate part of the market. There are 66 Short Sale Homes on the Market in Oakley California 94561 which is about half of the active market.

Only 14 Short Sale Homes closed escrow in Oakley California 94561 in November and 20 Short Sale Homes closed escrow in December.

The uptake in December sales seems odd as this is traditionally a slow month, but I have seen similar upswings in other areas. What concerns me is that there are currently 107 Pending Short Sale Homes in Oakley California 94561. These means that at this rate it could take almost 6 months to close that entire pending; assuming they were to all close.

The asking price for Short Sale Homes is lower on an average cost per SF Basis ($111.00) than the average SF cost of all the homes on the market ($119.00). This may because it is hard to get an offer on Short Sale homes compared to the rest of the market in Oakley California 94561.

But the actual Sales Price on Short Sale Homes is higher on average based on SF too. In November Short Sales in Oakley California 94561 sold for $119.00 per SF on average while the overall average was $109.00. In December Short Sales Sold for $113.00 per SF and the overall average per SF was $112.00.

I suspect an issue with the Short Sales is the Short Sale Homes are some of the newer homes commanding higher prices.

As a Buyer or a Seller of a Short Sale Home there are two important things you can do. Make sure your Realtor has his/her SFR Designation (Short Sale and Foreclosure Resource) and request these Free Booklets on Selling and Buying a Short Sale Home.

I am a Realtor with an SFR Designation. If you need assistance with real estate in Oakley California 94561 or beyond Contact Me Now!

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