La Canada's January Home Sales Statistics
Posted under: Market Conditions in La Canada Flintridge
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February 9, 2010 6:19 AM |
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La Canada Housing Statistics – January 2010
Of the 7 January, La Canada home sales
1 (14%) was a short sale
2 (29%) were REO’s (real estate owned aka foreclosures)
4 (57%) were traditional sales.
It is not surprising that the days on market (DOM) is longer for short sales which require lender’s approval of the final selling price and shorter for REO’s as the banks want to get the homes sold, closed and off the books.
The total number of La Canada homes sold January of 2009 was nine.
Related Post: How much are homes selling for in La Canada?
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