Are Short Sales Selling? (Say that three times fast!).
I’m expecting approval on two short sales in contract any minute now, and am getting ready to put one more into escrow to begin the short sale negotiation process.
Short sales are a good alternative for some home owners to avoid foreclosure. Whether you’re looking to buy a short sale or sell your current property as a short sale, you definitely want to make sure you’re working with an agent who is experienced with the process.
Here’s a snapshot of short sale activity for single family residential homes in the greater Maple Valley, WA market area:
There are 43 active listings, with an average list price of $290,714
Pending Sales total 25 with an average list price of $285,606
In the last 6 months, 28 properties have been successfully negotiated as short sales and closed. The average sales price of those properties was $311,512
