Archive for April, 2011

El Dorado Hills Short Sales And Folsom Short Sales Not Closing. Why?

El Dorado Hills And Folsom Short Sale Information

El Dorado Hills And Folsom Short Sale Information

El Dorado Hills Short Sale Agent and Certified Short Sale Specialist Reports:

El Dorado Hills and Folsom, only minutes apart and with so many similarities in many ways also have have short sale markets that are similarly failing…  why is that?

El Dorado Hills Active Short Sale numbers have actually gone down over the last 14 months, but just because they are going pending so quickly!  Monthly new listings has doubled, the number  going pending (short sale approved by lender) has almost tripled.  Why then, has the number of homes successfully selling (successfully closing escrow) actually gone down from year ago levels? Successful Short Sales in El Dorado Hills are actually lagging! Just like Folsom Short Sales, Short Sales in El Dorado Hills are not closing escrow…

Find out Why:

Short Sale Agent in Folsom Reports Why Short Sale Escrows In Folsom May Be Failing


El Dorado Hills Short Sale Numbers for the past 14 months:

Date 12/09 1/10 2/10 3/10 4/10 5/10 6/10 7/10 8/10 9/10 10/10 11/10 12/10 1/11 2/11
For Sale 84 68 74 57 65 62 74 90 80 85 75 60 75 68 67
New Listing 16 28 31 29 36 29 29 34 31 36 23 23 16 36 32
Sold 14 19 12 12 16 12 23 12 11 17 12 19 23 12 10
Pended 17 23 13 20 21 10 14 9 26 14 19 13 8 36 44
Months of Inventory based on Closed Sales 6.0 3.6 6.2 4.8 4.1 5.2 3.2 7.5 7.3 5.0 6.3 3.2 3.3 5.7 6.7

Folsom Short Sales are now nearly 30% of all closed sales! Successful Shot sales are now the norm in Folsom. The graph below ith the Folsom Short Sale Numbers show the amount of active short sales has more than doubled.  Look at the number of Folsom’s pended short sales; those going pending are short sales that have been approved by the bank and the buyer can start their inspection period… Successful Sort Sales in Folsom have remained stable while pending and active short sales are surging!

Folsom Short Sale Numbers, for the past 14 months:

Date 12/09 1/10 2/10 3/10 4/10 5/10 6/10 7/10 8/10 9/10 10/10 11/10 12/10 1/11 2/11
For Sale 31 39 43 45 52 65 56 61 76 75 77 78 74 78 67
New Listing 21 21 21 33 26 29 29 23 41 23 25 24 23 36 31
Sold 15 12 12 16 6 19 14 8 12 12 11 7 16 11 15
Pended 17 13 12 15 15 9 20 16 19 18 14 12 12 30 54
Months of

Inventory based on Closed Sales

2.1 3.3 3.6 2.8 8.7 3.4 4.0 7.6 6.3 6.3 7.0 11.1 4.6 7.1 4.5

Authored by Forth Hoyt | Discussion: No Comments »





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