WInston Trails homes for sale

1/26/10

A very telling post regarding Winston Trails homes currently under contract


There are currently 18 Winston Trails homes under contract

But...take a look at this map below.


There are only 4 homes under contract that are NOT Short Sales



This does not bode well for property values going forward as short sales typically sell at a discount to non short sales. And with the ratio being 14 "under contract" homes being short sales and only 4 being non short sales, this could cause an appriasal problem with sales later this year...this is an excellent graphic backing up the advice that I have been giving to sellers/potential sellers in Winston Trails lately: the window of opportunity is small, try to get on the market, under contract, and sold in the next 3-5 months.

 
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