Short Sales in Citrus Heights Up Dramatically!
Sacramento Short Sale Expert Reports Citrus Height Short Sale Statistics For February 2010
Short Sales in Citrus Heights Zip Codes 95610 and 95621 going pending have increased steadily over the last 60 days. Both Active Short Sales and Pending Short Sales in Citrus Heights have never been higher than the month of February.
Pending Short sales are short sale listings that are approved and are ready to close. This means that they have gone from Active Short Sale to Active Short Sale Contingent and then into Pending status; So pended just means it has gone into pending status. It also means the Bank(s) or servicer(s) short sale department(s) has/have approved the short sale transaction and the contract is no longer contingent upon “Third Party Approval”. So now Escrow can be opened.
Date | 12/08 | 1/09 | 2/09 | 3/09 | 4/09 | 5/09 | 6/09 | 7/09 | 8/09 | 9/09 | 10/09 | 11/09 | 12/09 | 1/10 | 2/10 |
For Sale | 73 | 88 | 87 | 88 | 94 | 86 | 68 | 61 | 54 | 64 | 51 | 51 | 65 | 73 | 96 |
New Listing | 15 | 34 | 25 | 31 | 38 | 34 | 28 | 37 | 40 | 43 | 40 | 26 | 32 | 51 | 52 |
Sold | 14 | 9 | 8 | 10 | 13 | 12 | 21 | 21 | 21 | 20 | 21 | 14 | 14 | 22 | 10 |
Pended | 9 | 19 | 25 | 30 | 29 | 41 | 37 | 33 | 53 | 26 | 30 | 26 | 17 | 39 | 54 |
Months of Inventory based on Closed Sales | 5.2 | 9.8 | 10.9 | 8.8 | 7.2 | 7.2 | 3.2 | 2.9 | 2.6 | 3.2 | 2.4 | 3.6 | 4.6 | 3.3 | 9.6 |
Months of Inventory based on Pended Sales | 8.1 | 4.6 | 3.5 | 2.9 | 3.2 | 2.1 | 1.8 | 1.8 | 1.0 | 2.5 | 1.7 | 2.0 | 3.8 | 1.9 | 1.8 |
Absorption Rate based on Closed Sales | 19.2 | 10.2 | 9.2 | 11.4 | 13.8 | 14.0 | 30.9 | 34.4 | 38.9 | 31.3 | 41.2 | 27.5 | 21.5 | 30.1 | 10.4 |
Absorption Rate based on Pended Sales | 12.3 | 21.6 | 28.7 | 34.1 | 30.9 | 47.7 | 54.4 | 54.1 | 98.1 | 40.6 | 58.8 | 51.0 | 26.2 | 53.4 | 56.3 |
Avg. Active Price | 186 | 182 | 179 | 182 | 184 | 180 | 184 | 193 | 201 | 210 | 200 | 193 | 197 | 192 | 196 |
Avg. Sld Price | 196 | 162 | 213 | 186 | 193 | 167 | 179 | 166 | 175 | 165 | 173 | 183 | 177 | 167 | 196 |
Avg. Sq. Ft. Price | 130 | 126 | 125 | 127 | 126 | 124 | 122 | 119 | 122 | 126 | 121 | 125 | 122 | 122 | 122 |
Sold/List Diff. % | 100 | 104 | 105 | 103 | 103 | 97 | 101 | 98 | 101 | 102 | 100 | 101 | 104 | 102 | 101 |
Sold/Orig LP Diff. % | 86 | 83 | 88 | 85 | 98 | 74 | 92 | 90 | 94 | 89 | 92 | 81 | 100 | 95 | 96 |
Days on Market | 89 | 125 | 168 | 112 | 84 | 198 | 117 | 138 | 113 | 119 | 156 | 95 | 137 | 90 | 143 |
Avg CDOM | 105 | 154 | 193 | 154 | 96 | 205 | 135 | 156 | 142 | 172 | 156 | 122 | 150 | 107 | 144 |
Median Price | 184 | 160 | 188 | 173 | 185 | 148 | 175 | 175 | 170 | 158 | 164 | 165 | 162 | 156 | 182 |
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