This report is for standard sales and short sales in Fullerton . This article is brought to you by the realtor experts at the Short Sales ASAP group, who are #1 in short sale property listings and closings in Orange County. We track the short sale market here in Fullerton and greater Orange County on an ongoing basis, and report our findings often in this blog.
This market summary is for all property listings, as compared to short sale statistics in Fullerton , California. Below is a tabulation of the statistics we have gathered for all sales, and short sales for both detached homes and attached condos that are Active for sale, pending In Escrow and Sold in the past 90 days:
| Detached Homes – Status | # of Homes | % of Total | Median Price | $/SqFt |
| For Sale – All Listings | 195 | 100% | $629,000 | $298 |
| For Sale – Short Sales | 51 | 26% | $400,000 | $246 |
| In Escrow – All Listings | 185 | 100% | $400,000 | n/a |
| In Escrow – Short Sales | 108 | 58% | $350,000 | n/a |
| Sold – All Listings | 167 | 100% | $480,000 | $275 |
| Sold – Short Sales | 32 | 19% | $485,000 | $248 |
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| Attached Condos – Status | # of Condos | % of Total | Median Price | $/SqFt |
| For Sale – All Listings | 91 | 100% | $360,000 | $255 |
| For Sale – Short Sales | 31 | 34% | $310,000 | $214 |
| In Escrow – All Listings | 107 | 100% | $268,000 | n/a |
| In Escrow – Short Sales | 80 | 75% | $265,000 | n/a |
| Sold – All Listings | 55 | 100% | $319,000 | $239 |
| Sold – Short Sales | 15 | 27% | $325,000 | $229 |
One of the important things to note is the high rate of failure when it comes to closing short sales. Look at the ratio of Pending In Escrow short sales to Total Listings for Condos which is 74.8% . Then compare that to the ratio of Sold short sale condos to Total sold Condos, which is 27.3% . This large decrease in Ratios from Pending in Escrow to Sold shows that Short Sales fail to close at a high rate today in Fullerton.
The reason being, is that many local Realtors do not have the training or experience in order to close short sales at a high rate of success. Short sales are the most complex of all residential transactions and require skill, and expertise in order to close at a high rate of success. It is important for Fullerton homeowners, who owe more than their home is worth, to work with an experienced short sale realtor. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com , or visit: www.FullertonShortSaleExpert.com
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