Foreclosure and Short Sales Figures in Rancho Cordova Compared to Sacramento County
How is the Rancho Cordova real estate market doing compared to the rest of Sacramento county? What is the percentage of foreclosure sales (REO), short sales and total amount of distressed property sales (REO + Short Sales)? Let’s take a look below to glean some insight.
The information above is based on all residential sales listed in Sacramento Metrolist over the past two years. Overall, the percentage of bank-owned sales dropped by 5% in both Rancho Cordova and Sacramento County, while at the same time the percentage of Short Sales rose by 7% in both Rancho Cordova and Sacramento County. Over the past two years Rancho Cordova had a 7% lower foreclosure rate than Sacramento County and a 2% higher percentage of short sales.
Let me know if you have any questions at ryan@lundquistcompany.com or 916-595-3735 and feel free to comment below.
www.SacramentoAppraisalBlog.com Foreclosure and Short Sales Figures in Rancho Cordova Compared to Sacramento County
Related posts:
- The trend of sales in Rancho Cordova in Anatolia, Stone Creek and the entire 95670 Zip Code
- Grasping REO, Short & Regular Sales
- What happens to foreclosure when prices go up?
Tagged as: Bank-Owned Properties in Rancho Cordova · Foreclosures in Rancho Cordova · REO · Sacramento County REO Sales · Sacramento County Short Sales · Short Sales in Rancho Cordova
[...] sales, though there are quite a few short sales on the upper-end of the market too. In fact, both Rancho Cordoa and Sacramento County saw a 7% increase in short sales last year in comparison to the year before, so clearly there is a greater acceptance for short sales in the [...]
I’ve heard so much about the high foreclosure rate in Rancho that I assumed it was much higher than the County-wide statistics. By the information you are providing here, that doesn’t seem to be the case. I’m glad to know this. Having said that, we certainly want to see short sale figures drop but for the time being, it is best to be properly informed and for that I thank you! All the best to you.
Thanks Hector. You are right that the percentage of short sales going up looks to be a good thing for the market. It’s not ideal, but we need to deal with inventory and help repair the market. Good luck to you.