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Tuesday, January 6, 2015

Ventura County Short Sale Specialist, Distressed-Home Prices Surge to 5-Year High

Ventura County Short Sale Realtor 805-208-0823
Simi Valley Short Sale, Moorpark Short Sale  Ventura County Short SaleThe median sales price of distressed homes — those that are in foreclosure or bank-owned — reached $128,625, the highest since December 2009, according to RealtyTrac's November Residential & Foreclosure Sales Report.
Dealing With Distress
Distressed-home prices are rising at a faster pace, increasing 18 percent from a year ago. Prices of non-distressed homes are up 14 percent during the same time period, RealtyTrac reports.
"As the price of distressed properties reaches a new high, the pool of investor activity that has been fueling the housing recovery may dry up," says Daren Blomquist, vice president at RealtyTrac. "However, 20 states still saw annual decreases in distressed property prices, so we will continue to see a fragmented recovery as investors move from once-hot markets such as Phoenix, Atlanta, and many California markets and into markets such as Charlotte, N.C., Columbus, Ohio, Dallas, and Oklahoma City."
The following metro areas reported the highest percentage of distressed and short sales combined in November:
  • Las Vegas: 36.3%
  • Stockton, Calif.: 27.6%
  • Miami: 26.9%
  • Jacksonville, Fla.: 25.1%
  • Modesto, Calif.: 25.1%
Meanwhile, short sales reached pre-recession levels nationwide, accounting for 3.4 percent of all residential property sales in November, RealtyTrac reports. Short sales were below the pre-recession average of 4.5 percent a month. Still, short sales remained elevated in five states: Rhode Island, West Virginia, Vermont, New Jersey, and Illinois.
CAR Real Estate Market Forecast 2015                   Inflation
PluseEconomic Forecast                               Good To Know

Many Ventura County Homes Appreciated by over 16% Last Year.  If you’re thinking of selling, yours may have now have enough equity to sell without being “Short”.
Pricing your home correctly the FIRST TIME is more important than ever!
If you want an accurate idea of what your home is worth Click Here:                      

You may now have enough EQUITY in your home to sell WITHOUT
having to be “short”. If you are thinking about a short sale I can help
you get an accurate value for your home and get back on your feet. 

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Phone: 805-208-0823. 

Finding The Right Solution                                               How To Do A Short Sale
Short Sale VS Foreclosure                                    Loan Mod-Active Status Review
Moorpark Market Real Estate Update                               Westlake Village Real Estate Market Update
Are We Still UnderWater?                                      Which Way Is This Market Headed?
Simi Valley-Price To Sell??                                   Thousand Oaks Deficiency Judgment
Moorpark Short Sale-HyperLocal                          Thousand Oaks Short Sale-HyperLocal
Simi Valley Short Sale-HyperLocal                      Buy VS Rent    &    Buying Beats Renting

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