This report is for standard sales and short sales in Westminster, Ca. 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. Currently, there are a total of 89 detached homes listed for sale in Westminster , California. The median price of these active homes for sale is $475,000 and the average price per square foot is $312 . Of this total, 28 are short sale listings active for sale. . These short sale listings represent 26% of the total inventory of detached homes for sale. The median price of these short sale properties is $420,000 and the average price per square foot is $283 .

For attached condominiums, there are 23 condo units currently listed for sale in Westminster . The median price for these listed condominiums is $388,000 and the average price per square foot is $288 . Of this total, 7 are short sale condo listings. The median price of these short sale condos is $399,900 , and the average price per square foot is $238 . The ratio of short sale condo listings to listings is 34% .

Currently, there are 90 detached homes under contract in escrow, and the median price of these pending properties is $419,000 . Of this total pending properties, 56 are short sales, which is 58% of the total detached properties in escrow in Westminster . The median price is $399,000 .

For condominiums, there are now 29 attached units in escrow, and the median price is $282,000 . Of this number, 22 are short sales in escrow in Westminster . These short sale condos are 75% of the total units in escrow, and the median price is $275,000 .

In the past 90 days, there have been a total of 98 detached homes that have sold and closed escrow in Westminster. The median price of these sold homes was $430,000 and the average price per square foot was $289 . Of this total were 25 short sale properties, which was 19% of the total sales. The median price was $420,000 , and the average price per square foot was $262 .

For attached condos, there have been a total of 32 condominium sales in the past 3 months. The median price was $315,000 , and the average price per square foot was $238 in Westminster . In addition, there were 14 short sale condos that sold and closed escrow dueing this same period of time, which was 27% of the total number of units sold. The median price of the sold short sale condos was $265,000 , and the average price per square foot was $210 .

As can be seen above, the ratio of Pending in Escrow short sale listings, to Pending total listings is a much higher percentage, compared to the ratio of Sold short sale properties to Sold total properties. This illustrates that short sales fail at a high rate. Property owners who owe more than their home is worth, should seek to work with an experienced Westminster short sale realtor. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

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