Shadow Ranch Short Sales Indio CA
The highly sought after neighborhood of Shadow Ranch in Indio, California is no stranger to short sales. Like many newer neighborhoods in Indio, Shadow Ranch was not spared from short sales and foreclosures. Short sales can be profitable for home buyers who have time and a little patience.
Ronald Christopher & Associates just closed escrow on 83432 Wagon Rd, Indio CA. It was a short sale and we represented the seller in this transaction. The home sold for $225,000 or just $81.85/sq.ft.! The seller bought the home in 2006 from the builder for $551,000. From the builder means it was a brand new home and there was no back yard landscaping or irrigation installed, no custom paint on the walls, and no window coverings! The home is 3250 square feet with 5 bedrooms and 4 baths and the lot is 7840+ square feet. This transaction shows how much the market value in Indio has shifted over the last six years.
The majority of the homes in Shadow Ranch were built in 2005 by Family Development. The real estate market in Indio in 2005 was at the height of the market before home values crashed by more than 50 percent. For this reason Shadow Ranch and many other newer communities in Indio, many of them North of Interstate 10, dropped in value. But for today's buyer, a short sale offers buyers a newer home at half the original cost! To me, the value is definitely there! Search Indio Short Sale Listings. Read more on Seller short sale tips.
There are currently 5 homes in Shadow Ranch that are short sales pending third party approval from the lien holders. During the last six months 14 homes have sold in Shadow Ranch, 7 of those sales were short sales, 6 were bank owned, and one was an investor flip. It's not to late to buy a short sale in Shadow Ranch but these homes are in demand and selling fast. Contact me and ask to be the first to know about new short sale listings in Shadow Ranch.
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