Elk Grove Short Sales - How's the Market?

Elk Grove Short Sales - Short Sales have definately picked up momentum in Elk Grove, CA. As the market has shifted and turned over the past couple of years, more and more Elk Grove Short Sales have been getting approved and closed! We just received 2 new short sale approvals on Elk Grove homes for sale just today! One with Bank of America and one with Wells Fargo!

There are currently 376 active short sale listings on the market in the Elk Grove real estate market (95624, 95757 and 95758) out of 737 total active listings in the area. This means 51% of our Elk Grove real estate market is currently Short Sales...

The great news is that more Elk Grove Short Sales are actually being approved and closing. There are currently 342 Elk Grove Short Sales with the status of Active Short Contingent. This means that the seller has accepted an offer from a buyer and there is currently negotiating going on with the bank to get a short sale approval.

Take a look at the following graphs showing Elk Grove Short Sale statistics for the past 15 months.

This first graph shows that we have the highest active inventory of short sales currently, while we also have the highest pending sales of short sales in the past 15 months.

This next graph shows the average dollar per square foot for Elk Grove Short Sales for the past 15 years....this has remained fairly stable recently at around $110.

And Elk Grove Short Sales are on the market generally longer than the average Elk Grove home for sale. Days on the market of course includes the negotiating time for short sales.

And months of inventory for Elk Grove Short Sales has recently increased slightly. Elk Grove buyers you now have more selection to pick from!

So bottom line, if you are an Elk Grove homeowner considering a short sale on your home, make certain that you list your home with an experienced Elk Grove Short Sale Realtor.

If you are considering selling your home as a short sale in Elk Grove, no doubt you have more questions than answers. We are here to answer your short sale questions. For a FREE no obligation short sale consultation call us today at (916) 230-0371. To see if you qualify for a short sale, contact your local Elk Grove Short Sale Realtors, Lori Mode and Bruce Durham.

If you are struggling to make your mortgage payment for a home in Elk Grove... We are here to help!

As an agent with the CDPE® Designation, I have a strong and unique appreciation of the factors affecting the market, and know that there are options available to you.

If you would like to know more about your options, please call us at (916) 230-0371. If you are a homeowner in the Sacramento/Elk Grove area and have questions regarding short sales, deeds in lieu of foreclosure, or foreclosure, please call me. Or visit our website at www.ElkGroveShortSale.com.