I was curious how foreclosures sales have compared to ordinary re-sales over the past year in Forsyth County. I’m not sure what possessed me to pull these other numbers, most of which are only interesting but not actionable, but here they are.
There were 2600 homes sold in Forsyth County in 2011. Throw into the mix [...]
Continue reading about Interesting Market Stats for Forsyth County Home Sales
32%
The percentage of November home sales in Forsyth County that are distressed sales (foreclosures and short sales). With lags coming in over the next week, this number will probably increase another 2-4%.
On the last day of each month I post a “Big Number” or interesting figure related to real estate in our area.
10%
The percentage of distressed properties still listed for sale in Forsyth County that are identified as “New Construction”. Definition: distressed included Bank Owned, Government Owned, Potential Short Sale and Short Sale Approved properties.
On the last day of each month I post a “Big Number” or interesting figure related to real estate in our area.
First, before writing an offer on a short sale, understand that you may not have a response from the bank for several weeks or more than a month. So much depends on how far along conversations between the sellers and the bank has proceeded. If a negotiator at the bank has not been identified yet, [...]
Continue reading about Short Sales Part 2 – Working Through Offers
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