Short Sales - Foreclosures in Corona CA

Corona short sales - foreclosures

Short sales continue to be a significant part of the residential real estate market in Corona, CA. As of June 2, 2010 there are 745 active listings of houses and condos for sale on the multiple listing service in Corona, California. 391 of those are short sales (which is almost 53% of the total). Of the 745 total listings, only 82 are foreclosed houses (or about 11%).

In the last 30 days, there have been 108 short sales that sold and 95 foreclosure houses that sold - out of a total of 331 sold houses. Compare this to the same time period a year ago when only 92 short sales sold and 231 foreclosure houses were sold. That is a big decrease in the number of bank-owned houses. There are still lots of home buyers out there looking to buy a bank-owned home so this isn't good news for them.

If you are experiencing financial hardship and need to sell your house but owe more than it can be sold for in today's market, you may want to consider doing a short sale. Call us today so we can discuss this option with you.

Click here to read about the current real estate market in Riverside.

Do you need an experienced Realtor who is dedicated to helping you sell your home as a short sale, please give us a call today. If you have any questions about real estate anywhere in Corona or other nearby cities, call Pedersen Real Estate at 951-840-5212.