Plainville CT Short Sale Report - 2012

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Real Estate Agent with Keller Williams Greater Hartford REB.0789472

Short sales make up 20% of the current market inventory in Plainville, CT. There are currently 126 homes on market in Plainville, CT with 25 of those homes listed as short sales.

However, short sales make up just 10% of Plainville’s sold inventory for the past 12 months. 171 homes have sold in Plainville in the past 12 months with 16 of those homes being short sales.

The preceding 12 month period shows a short sale ratio of just 6%, with 166 closed sales in Plainville and 10 of those as short sales.

We can safely conclude that short sales in Plainville, CT are very steadily increasing. As we are likely several years away from any significant recovery, we can expect this trend to continue.

What would all that mean to a homeowner considering a short sale in Plainville? It would mean you are definitely not alone as 1 in every 5 sellers in town is also attempting to short sell. Short sales are complicated transactions and require an agent with experience in the process. Increase your chances of a successful short sale by finding a qualified short sale professional.

GET ANSWERS TO FREQUENTLY ASKED QUESTIONS ABOUT CT SHORT SALES

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Minna Reid
Team Lead - Reid Real Estate Group
Keller Williams Connecticut
Voice or Text: 860.416.1255
 

Minna Reid  is a  CT Licensed Real Estate Broker Associate with Keller Williams Realty, and Team Leader of Reid Real Estate Group. Reid Real Estate Group is a team of full-time, full-service real estate experts with locations in Central and Northeast Connecticut, with a specialty in short sales. The Reid Group brings years of real estate experience, intimate knowledge of the local market and the highest levels of customer service and professionalism to help guide you through all of your real estate transitions. Visit us at www.REIDREALESTATEGROUP.com

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