Foreclosure and Short Sale Stats for September 2012

Here are this month’s Foreclosure and short sale stats for Ventana Ranch in NW Albuquerque.

Foreclosure and Short Sales Stats Up

22 homes sold  in September 2012, of which 12 were regular sales, 5 were short sales and 5 were foreclosure or REO sales. Total distressed sales (45%) were up from 37%  in July and 33% in August.

September 2012 Foreclosures and Short Sales

September Price Per Square Foot

The average price per square foot on regular sales, which was down from $100 in July to $91 in August, was back up to $99 in September.

Short sales averaged $74, and foreclosure sales averaged $84.

Ventana Ranch Average Price Per Square Foot

 

Foreclosure and Short Sale Stats: Days on Market

Homes were selling fast in Ventana. Regular sales were selling in 57 days and REO sales averaged only 50 days on the market. Short sales were moving in 76 days.

Ventana Ranch Average Days on Market September 2012

 

Ventana Sales Price to List Price Ratio

Regular sales and REO sales were selling within 3% of list price. Short sales were selling for about 8% below list price. That’s a pretty good deal!

Ventana Ranch Sales Price to List Price Ratio

 

 

View Ventana Ranch Homes for sale by clicking here. View more Albuquerque Real Estate Stats here.

 

Click this link to view foreclosure homes or short sale homes.

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Please CALL or TEXT me at (505) 803-5012 for more information on this neighborhood or any other Northwest Albuquerque Neighborhoods.

 

These statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 10/04/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included. 


 

Comments

  1. Have the short sales dropped and foreclosures gone back up in your area? I thought foreclosures were starting to drop off the market. We are seeing more short sales in our area instead of foreclosures which is a good sign

  2. I’m surprised that REO’s are priced higher per square footage than short sales. Usually they are less. Interesting stats, Rich!

  3. Such a difference between REO and short sales… wow. What a market to keep up with. You’re doing a great job Rich!

  4. Our Oahu market is doing well but prices are still down. We have to stay on top of getting those short sales closed which can be quite tricky.

  5. It’s good to see so many regular sales in your area. Short sales are starting to slow down in our area but REO’s are really taking a dive. YAY

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All content by Albuquerque Real Estate Agent Rich Cederberg, 505.803.5012, unless otherwise noted. eXp Realty, (505) 750-1846.