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Folsom Short Sale Specialist Reports Information and Stats

Folsom Short Sale Graph For February 2010 From Trendgraphics

Folsom Short Sale Graph For February 2010 From Trendgraphics

Folsom Short Sale Help, Folsom Short Sale Statistics and Folsom Short Sale Information

The increase in approved short sales or, pending short sales in Folsom are more proof that the administration’s pressure on servicers and banks to increase the number of approved short sales and loan modifications is working.  Why dont they work? Read; Sacramento Real Estate: Loan Mods Would Stop Many Sacramento Foreclosures

For the second time in sixty days, the number of short sales gone pending here in Folsom have increased dramatically month over month. They are still a smaller portion of our market mix than in many other Sacramento areas, but are becoming way mpre efficient. Tune in nest week or so when February’s numbers are available…

If Banks and Servicers want to stop foreclosures, they know they need to increase loan mods and Short Sales-

Folsom short sales are definitely closing at a much quicker and more consistent pace.  As this year unfolds, we will definitely see even more improvement in servicers and banks approving short sales quicker and more smoothly.

The writing is on the wall, here in Folsom.  Short sales are the only way some  people who bought in Broadstone, Empire Ranch or even The Parkway from 2004 to as late as 2008 who did not put a gob of money down are going to be able to sell in order to move, or stay out of foreclosure.

In  Folsom for January 2010, there were were 55 Total closing. Of those; 13 were short sales, or 23.6 %  of our closings for January. That percentage has nearly doubled in the last year and Will surely increase again this year!

Here are the stats for current active, current pending and homes solds in the last three months (Nov. Dec. and Jan) fin the City of Folsom.

Active: 147 Pending: 101 Sold: 184 Other: 0 Total: 432

Bedrooms Bathrooms Square Feet List Price Selling Price DOM/CDOM
Minimum 0 0.00 750 $95,000 $95,000 0/0
Average 3 2.57 2,011 $344,597 $354,080 83/102
Median 3 3.00 1,855 $329,000 $345,000 52/66
Maximum 6 5.00 5,286 $995,000 $875,000 791/791
Total Dollar Value $65,150,751
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 80 42 22 14 26
Breakdown % 43.48 22.83 11.96 7.61 14.13
Avg SP % LP 99.20 97.36 98.94 97.92 95.25
Average CDOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 73 37 22 14 38
Breakdown % 39.67 20.11 11.96 7.61 20.65
Avg 99.20 97.47 98.90 98.30 95.98

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