Foreclosures and Short Sales in Riverside CA
Here is a breakdown of the single family homes for sale-Riverside CA. The graph shows the sale totals over the last few months. This shows the number of foreclosures, traditional sales and short sales. The number of Riverside CA foreclosures are dropping as it appears that the number of sales is dropping. Many buyers who are having trouble getting their offers accepted are hoping for more foreclosures to come on the market. I hear opinions on both sides; a)that we will see increases in foreclosures and b) that the number of foreclosures will decrease. I guess we will just have to wait and see what actually happens.
According to RealtyTrac there are 7634 homes in pre-foreclosure in Riverside as of March 5, 2010. There are currently 1028 homes (condos not included) for sale in Riverside (listed on the local multiple listing service). Of the 1028 homes, 143 are foreclosures (bank-owned or REO's) and 440 are short sales for sale.
Call us if you are having financial difficulties and are considering doing a short sale in Riverside or Corona or if you are looking to buy a foreclosure home or short sale. Click here for information about short sales.
Posted at 04:50PM Mar 05, 2010 by The Pedersen Team in Real Estate | Comments[0]
