45% of homes under contract Foreclosures and Short sales
I have attached an updated copy of the short sales and foreclosure by area file. The percentages keep going up. We'll soon have over 50% of what's going under contract as a short sale or foreclosure.
Which brings up an new stat that I just want to throw out there.
As far as CLOSED SALES go, about 21% of what's closed over the last 8 months has been listed as a short sale or foreclosure.
9 of the 21% is due to short sales, which seems reasonable. We've only recently seen the large jump in the number of ss going under contract.
12 of the 21% is due to foreclosures, which is somewhat fascinating given that only about 6% of what's going under contract is a foreclosure.
This has to be due to the small amount of fall throughs in the foreclosure market.
Also, I've added a little color to several of the charts. I try not to put too much color in the charts for printing purposes.