Bristol CT Short Sale Report - 2012Posted by Minna Reid on Tuesday, September 11th, 2012 at 1:22pm.
Short sales make up 15% of the current market inventory in Bristol, CT. There are currently 585 homes on market in Bristol, CT with 90 of those homes are listed as short sales.
However, short sales make up just 9% of Bristol’s sold inventory for the past 12 months. 490 homes have sold in Bristol in the past 12 months with 30 of those homes being short sales.
The preceding 12 month period shows a short sale ratio of just 6%, with 490 closed sales in Bristol and 30 of those as short sales.
We can safely conclude that short sales in Bristol, 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 Bristol? It would mean you are definitely not alone as 1 in every 7 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.
Minna Reid is a CT Licensed Real Estate Broker Associate with CG Real Estate, specializing in short sales, serving the Central CT including, but not limited to; Avon, Berlin, Bristol, Cheshire, Cromwell, Farmington, Glastonbury, Hamden, Meriden, Middlefield, Middletown, Newington, New Britain, North Branford, North Haven, Plainville, Portland, Prospect, Rocky Hill, Southington, Wallingford, West Hartford, Wethersfield and Wolcott.
Be the first to comment on this blog entry!