45% of homes under contract Foreclosures and Short sales

Posted By Marshall Walker @ Dec 15th 2011 12:23pm In: Short Sales and Foreclosures

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.

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