Market Trends: 2/22/2012
Short Sales
Market Snapshot
Total Properties Listed:
2,099
Month-Over-Month Change: -.19%
Average List Price:
$171,925
Month-Over-Month Change: -.21%
Median List Price:
$124,900
Month-Over-Month Change: -.08%
Typical Property
Single-Family Home
3.37 Bedrooms
2.97 Baths
$171,925 Average List Price
$74/SqFt Average Price per SqFt.
Average Price by Bedrooms:
1 Bedroom:
$145,756
2 Bedrooms:
$96,523
3 Bedrooms:
$114,337
4 Bedrooms:
$227,945
5 Bedrooms:
$359,380
Top 5 Most Viewed Properties
403 French Street
3 beds / 2 baths
$47,900
Active: MLS#2052655 by Allen Tate Company Inc.
Short Sales, NC Real Estate:
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Charlotte
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Charlotte: 26,340 Listings
Short Sales Real Estate
About Short Sales
A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.
At Realty Alliance we have partnered with expert negotiators to assist both Buyers and Sellers of Short Sales to ensure that the process is a smooth one.
Short Sales Neighborhoods