Ever wonder how many short sales are REALLY on the market?
I know I have. We hear in the media day in and day out about the short sale epidemic. Short sale this, short sale that. I decided to find out for you what is really going on. So much hype but what is the real story? How many?
With Bartlett IL Home Sales that closed within the last 5 months there has been virtually a small percentage (13%) of homes going short sale. But, unfortunately there is a larger percentage of foreclosures which my graph will represent. An 'Arms Length' transaction is a regular sale between a seller and buyer.
So with Bartlett IL Home Sales we have seen less than half the foreclosure amount (25%) as regular transactions close (62%). Very sad indeed seeing that number increase but a happy beginning for the new owners.
If you are looking for an experienced agent that knows the local market inside and out? I'd be happy to discuss your buying or selling possibilities with you!
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Lyn Sims and The Blog Dog © 2007 - 2012 
Lyn: Sad, but true. Someone's loss is someone's gain. Just wish that the avenue for that was shorter or a little less painful for those on the losing end. Maybe if we keep educating through these articles and formats ... the message regarding the benefits of short sales VS foreclosure will sink in??
Gene
Gene: Hope so. Thanks for your input.