December 2010 Sales Foreclosure Short Sale Equity

Foreclosure, Short Sale or Equity Owned Real Estate

Real estate buyers are often interested in the amount of distressed real estate an area may be experiencing.  The month of December 2010 offered a slightly higher amount of short sales and foreclosures that closed.  The quarter end and year end likely had to do with the slight rise of bank involved real estate transactions.

From personal experience, I can tell you there is a push to get pending real estate transactions closed by year end. I personally had several short sales that had spent several months in the short sale process which magically approved the last two weeks of December.  Most of them closed in time, the balance will close in January.  There may be a slight rise in January for those approved real estate transactions that slipped past the end of year finish line.

Additional real estate market reports for December 2010 are located:

SW Florida Real Estate: Historical Sales in December 2001-2010

Real Estate: What Price Range Sold December 2010?

Historical Real Estate Market Reports are archived at: Real Estate Market Reports

 

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