As many of you know, I spend a lot of time and energy trying to educate everyone on the differences between short sale, foreclosures and traditional sales. In preparing for this week’s article, I noticed some statistics that told a very interesting story. For those of you that hate numbers and statistics, I apologize. However I felt like the information was important enough to share.
Currently there are 267 homes in Dacula listed as ACTIVE in FMLS. Of those, 34 of them (13 percent) are short sales and 27 of them (10 percent) are foreclosures. Together these distressed properties represent only 23 percent of the current market. Hopefully this is a good sign for those tradition sales as we move into the height of the spring selling season.
With less foreclosures and short sales to compete against, this should give sellers a chance