In a conversation about the foothills market the other day, a guy asked me how many foreclosures are there in the foothills.
I guessed, oh, maybe 20 or so.
That surprised him, what with all the attention foreclosures get, he assumed there were a lot more. Who wouldn’t.
But my guess was off too, checking, I see there are just 12 homes listed as foreclosures in the foothills - priced from $302,900 to $648,900.That’s it.
21 sold in the last 6 months, from - $210,000 to $920,000 and there are 12 under contract, from - $295,000 to $1,040,000.
Short sales are another matter, I find 28 listed. And eventually, because the short sale process is so mired in endless delay and uncertainty, many of those will enter the foreclosure pipeline. I find just 5 short sales that somehow managed to get thru all the hurdles and sell in the last 6 months.
And the latest trend is well-priced foreclosures getting snapped up, and often, with multiple offers for over list. I’ve been beat out on three of them lately.
**This for single family homes, no condos, no townhomes**
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