A look at Orange Park FL home sales July 2011 equity sales vs. short sales & foreclosures
Orange Park, FL home sales are looking up this year with 92 homes sold in July, as compared to the same time frame as last year when only 70 homes sold in Orange Park FL. Below is a chart showing a breakdown of equity sales vs short sales vs foreclosures. Looking at the numbers, it seems that buyers are more interested in buying homes that are a traditional sale. With short sales being known to take a longer time to purchase, buyers are starting to steer away from them due to waiting in frustration to get an answer from the bank on their offer. Also, with foreclosures, buyers usually get a quicker response from the bank letting them know if their offer was accepted. With foreclosures and short sales homes are usually sold “as is” with no repairs being made so, it is in the best interest that the buyer gets a home inspection as they should do anytime they are looking to purchase a home.
Here is a look at the current breakdown of active listings in Orange Park. As you can see traditional sales make up a large portion of the homes for sale in Orange Park, Florida