Brea Short Sale Real Estate

This analysis is brought to you by the experts at the ShortSalesASAP group, who specialize in short sale negotiations, marketing and sales here in Brea . 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 Brea , California. The median price of these homes for sale is $540,000 and the average price per square foot is $278 . 22 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 8 condominiums listed for sale in Brea . The median price for these listed condominiums is $374,900 and the average price per square foot is $230 . Of this total, 2 are short sale listings. The median price of these short sale units is $309,950 , and the average price per square foot is $232 . The ratio of short sale condo listings to the total listings is 25% .

For homes under contract, there are 55 detached homes in escrow on this date, and the median price is $515,000 . Of this total, 23 are short sales in escrow, which is 42% of the total detached properties in escrow in Brea , and the short sale median price in escrow is $500,000 .

For condominiums in escrow, there are now 4 attached units under contract, with a median price of $385,000 . Of this number, 1 are short sales, which calculates to be 25% of the total pending units, and the median price is $335,000 .

In the past 3 months, there have been a total of 56 detached homes that have sold and closed escrow in Fullerton . The median price was $556,000 and the average price per square foot was $261 . Of this total were 13 were short sale properties in the city of Brea in the past 3 months. This number of sold short sales is 23% of the total. The median price was $531,000 , and the average price per square foot was $247 .

In the past 90 days, there have been a total of 4 condo sales with a median price of $250,000 , and an average price per square foot of $244 in Brea . Also, there were no short sale condos sold in this period of time .

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 Brea 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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