Recap of Short Sales in Newtown, CT for 2011 Over the course of 2011, we posted several blog entries about the status of short sales in Newtown, CT. With the advent of the New Year, we thought a recap of this segment of this local real estate market would be in order.
In the table below, we have provided both 2011 and 2010 short sale information for a comparison.
|Sold Throughout the Year||25||14|
|Pending Sale At Year End||4||5|
|Actively Listed at Year End||17||
It's interesting to see that the number of sold short sales decreased in 2011 and the number of actively listed short sales increased. The numbers pretty much flip flopped. We attribute this change to buyers being less willing to wait an indefinate period of time for banks to approve the short sale. Depending on the lender, the approval process can take a few months or a year - you never know.
Check out last year's recap of short sales in Newtown, CT.
We hope that you found our Recap of Short Sales in Newtown, CT for 2011 to be informative.
If you would like a list of the short sales in Newtown, CT, just email us and we'll forward you our Excel report.
Need to seel your house and think it might be a short sale, please contact us. WE CAN HELP YOU. We are experienced with short sales and we are also SFR Certified. Anything you tell us will be held in the strictest confidence and will not be shared with anyone else.