| Ponce Inlet Real Estate - Listings - Sales - Foreclosure Report for 2009 |
As a follow-up to my recent post titled "Ponce Inlet Real Estate Listings and Sales 2000-2009 Market Report", I decided to write this post, which shows just how many of the 2009 sales were foreclosures and short sales. Once again, I've included a bar graph. And for statistical purposes I've also posted the actual numbers of how many of these real estate sales were along the lines of foreclosures, pre-foreclosures and short sales.
As indicated in the bar graph, for the city of Ponce Inlet, the 2009 real estate Foreclosure Sales and Short Sales were not as high as some other cities in Volusia County. For example, a significant number of the 2009 real estate sales for the city of Daytona Beach were NOT traditional seller-to-buyer sales. But Ponce Inlet had a lower number of foreclosure sales and short sales, which is good news for Ponce Inlet real estate sellers.
Read my previous post in the link at the beginning of this post to see all the data on the real estate listings and sales for Ponce Inlet for the last decade (information provided by the Daytona Beach Area Association of REALTORS® and Multiple Listings Service - MLS).
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www.DaytonaBeachRealEstateSales.com
I think many sales will continue to be short sales and non traditional sales for a long time to come.
Gary- Ponce Inlet didn't have that many, but then, the listings are still over-priced in that particular city, so they're just going to sit on the market longer!
Hi there,
Interesting, your numbers sort of surprise me. Do you have a way to identify short sales from traditional? Are your short sales lumped in into the blue catagory?
Hi Lisa,
Okay, I'm re-reading this now. The blue 125 is the total of all your sales, of which the orange 34 are a portion of, correct? So I guess I still have my same question, are you able to identify the number of short sales within that 125? Just curious.
Lynda- Yes. Our MLS has several categories for this. I just put all the foreclosure and pre-foreclosure and short sale properties into one category, rather than take them all apart. The bottom line is, they would all be classified as "distressed" properties anyway.