Saturday, March 07, 2009

February Foreclosure and Short Sales Stats

This month I have decided to start reporting statistics on foreclosures and short sales in the Treasure Valley (i.e. - Ada and Canyon County only). These are stats from the Intermountain MLS. Here it goes:

Currently

REO  
595 Active 
247 Pending  
32 Sold in Jan. 
128 Sold in Feb

Short Sale 
1815 Active 
235 Pending  
48 Sold in Jan.  
58 Sold in Feb. 
138 Exp in Jan.  
42 Exp. in Feb. 

What do these numbers mean? They mean that we losing the battle. Banks need to smarten up and accept more short sales. Agents need to get a better understanding of how to work a short sale both from the buy side and list side. 

Please call me at 208 939 9033 ext 2 or email me at michael.hon@IronEagleRE.com. Please visit my website at IronEagleRE.com or LinkedIn Profile

Michael Hon
Broker - MBA, GRI

IRON EAGLE REALTY

Certified Short Sale Specialist
Investment Property Consultant

Office 208 939 9033 ext 2


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