The Fullerton homes for sale category has more than its share of of distressed homes for sale. By distressed, we mean either a short sale, in the foreclosure process, or bank owned (REO). All of these types have some sort of distress that the sellers have endured. Owners have usually missed payments for several months. Recap of statistics:
Single Family homes = 27% of the homes on the market are short sale. while 5% are bank owned
Condos = 40% of the condos on the market are short sales, while 11% are bank owned.
The total properties for sale at this time is pretty much normal, not high or not low (actually =419).
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