- There are 22 homes on the market
- They range in price from $176,000 to $525,000
- 7 of the 22 are being marketed as Short Sales...although my review of public records indicated that aprox. 8 more would be "under water" and be short sale candidates if they were priced in line with recent sales.
- There are NO bank-owned homes on the market
Currently Under Contract:
- There are 18 homes "under contract"
- The 18 range in asking price from $175,000 to $370,000
- 12 of the 18 are Short Sales
- 1 is a bank-owned property
- In at least 2 of the remaining 5 sales it appears that the seller will be bringing money to the closing table (however that is not considered a short sale)
Sold within the last 60 days:
- There have been 11 sales recorded within the last 60 days
- Selling prices ranged from $135,000 to $315,00
- 5 of the 11 were short sales
- 1 of the 11 was a bank-owned property
1) London - $135,000
2) Cairo - $160,000
3) Oslo - $182,500
4) Doral - $249,900
5) Antilles - $253,000
6) Sydney - $255,000
7) Nairobi - $267,500
8) Nairobi - $270,000
9) Capri - $290,000
10) Paris - $292,000
11) Venice - $315,000
Foreclosure Actions:
Currently, there are 97 Winston Trails homes where a lienholder has filed what is generally known as a lis-pendens or notice of foreclosure action. Only a handful of the 97 are being marketed as short sales. I assume the rest are either hoping to catch up on back payments, negotiating forebearance agreements, short-re-fi's, deeds-in-lieu or are just hoping it will all go away.
If even only 30 of the 97 end up going back to the bank at some point in the future...30 bank foreclosures on the maket in our subdivision will serve to greatly exascerbate the difficult situation many current owners find themselves in.
