Two new sales in Winston Trails

Two new sales have just been reported in Winston Trails.

As I reported not long ago, a very large percentage of the Pending/under contract Winston Trails homes are short sales and foreclosed homes. And the 2 recent sales fall into that category...both in The Greens; "

Looking at what is currently 'under contract' in Winston Trails reveals this: Coincidentally, there are 24 homes under contract...16 of the 24 under contract homes are Short Sales and 1 is a Foreclosure. So that means 71% of the Winston Trails homes currently under contract are 'distressed' sales.

Read more: http://winstontrails.blogspot.com/#ixzz1tS5523

Foreclosure/Bank Owned: A Montreal model...2 story 1700+ sq ft under air. The final sales price was $150,000. The original contract price was higher, but the FHA appraisal came in below the contract price, so the sales price was reduced. This home was under contract in 3 weeks and closed in 65 days total.

• Short Sale: A London model...1 story, 1300+ sq ft. This home was listed by one of the big franchise companies and was on the market for 290 days, selling at a 17% discount to original listing price at $145,000.

So with 70+ percent of all under contract Winston Trails homes being either bank-owned or short sales, I anticipate a bit of trouble with appraisals of non-distressed Winston Trails homes in the coming months.

If you live in Winston Trails and would like to discuss your options...please, call me at 561.602.1258
or email me

Thanks for reading...Steve Jackson