How is the Rancho Cordova real estate market doing compared to the rest of Sacramento county? What is the percentage of foreclosure sales (REO), short sales and total amount of distressed property sales (REO + Short Sales)? Let’s take a look below to glean some insight.
The information above is based on all residential sales listed in Sacramento Metrolist over the past two years. Overall, the percentage of bank-owned sales dropped by 5% in both Rancho Cordova and Sacramento County, while at the same time the percentage of Short Sales rose by 7% in both Rancho Cordova and Sacramento County. Over the past two years Rancho Cordova had a 7% lower foreclosure rate than Sacramento County and a 2% higher percentage of short sales.
www.lundquistcompany.com/blog Foreclosure and Short Sales Figures in Rancho Cordova Compared to Sacramento County
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Tags: Bank-Owned Sales in Rancho Cordova, Foreclosure Rate in Rancho Cordova, Rancho Cordova Short Sales, REO, Sacramento County Foreclosures, Sacramento County REO Sales, Sacramento County Short Sales
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Looking only in the % numbers, we can see that Rancho is facing a complicated moment. Saving the numbers of properties, there are almost the same situation of Sacramento
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Agreed. Rancho and Sacramento County overall seem to illustrate the trend of the market – a decrease in REO properties, but an increase in short sales. Let’s hope this trend continues over the next year. There is so much talk about a so-called “shadow inventory” and a new set of adjusting loans, so we’ll see what happens, and then how that will shape things. It’s an interesting ride in this market. Interesting site, Tony. Where do you get your data?
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There is no information about this “shadow inventory” ? Recently, too many websites are noticing this situation over properties that actually aren’t there available… Maybe is one of the causes of high stats in cities and counties
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That’s the big question now, isn’t it? Is there a “shadow inventory” and when will these properties hit the market? The articles I have read and brokers and asset managers I have spoken to have said everything from “watch out for the flood” to “there is no shadow inventory”. It looks like you run some sort of foreclosure website. Do you have any data to quantify what is sitting out there right now in terms of REO? I am open ears. Thanks Tony.
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