This analysis is brought to you by the experts at the ShortSalesASAP group, who specialize in short sale negotiations, marketing and sales here in Fullerton . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to short sales. Currently, there are 195 detached homes listed for sale in Newport Coast , California. The median price of these homes for sale is $2,995,000 and the average price per square foot is $770. 8 of these active listings are short sales, which represent 26% of the total inventory of detached homes for sale. The median price of these short sale properties is $400,000 and the average price per square foot is $246.
There are now 32 condominiums listed for sale in Newport Coast . The median price for these listed condominiums is $795,000 and the average price per square foot is $318 . Of this total, 4 are short sale listings. The median price of these short sale units is $795,000 , and the average price per square foot is $398 . The ratio of short sale condo listings to the total listings is 34%.
For homes under contract, there are 30 detached homes in escrow on this date, and the median price is $2,720,000 . Of this total, 9 are short sales in escrow, which is 58% of the total detached properties in escrow in Newport Coast , and the short sale median price in escrow is $1,395,000.
For condominiums in escrow, there are now 10 attached units under contract, with a median price of $799,000 . Of this number, 4 are short sales, which calculates to be 75% of the total pending units, and the median price is $825,000.
In the past 3 months, there have been a total of 31 detached homes that have sold and closed escrow in Fullerton . The median price was $1,925,000 and the average price per square foot was $588 . Of this total were 3 were short sale properties in the city of Fullerton in the past 3 months. This number of sold short sales is 19% of the total. The median price was $1,425,000 , and the average price per square foot was $409.
In the past 90 days, there have been a total of 8 condo sales with a median price of $650,000 , and an average price per square foot of $445 in Fullerton . Also, there were 1 short sale condos sold, which was 27% of the total number of units sold in this period. The median price of the sold short sale condos was $980,000 , and the average price per square foot was $520.
As can be seen above, the ratio of pending In Escrow short sale properties, to pending in escrow total listings is a much higher percentage, compared to the ratio of Sold short sale properties to Sold total properties. This high rate of failure due to the lack of knowledge by the typical short sale listing agent. This illustrates that property owners who owe more than their home is worth, should work with an experienced Newport Coast short sale realtor such as the ShortSalesASAP group. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.
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