Short Sales Statistics and Foreclosure Prevention Workshops

As of 4/4/08, the short sale statistics in Modesto California is:

Active short sale single family homes : 714 on the market

Avg. size: 1574 sq. ft. Avg listing price: $225K Avg Days on Market: 89
Median size: 1428 sq. ft. Median listing price: $200K Median days on market: 72

I've looked at a few short sale properties in the 95356 zip code in Modesto California. One home that is 3181 sq. ft. priced at $102.14 per square feet was pending after 6 days on the market. Another property that is 1987 square feet priced at $140.87 per square feet was pending after 4 days on the market. Both properties were built in 2001.

Price right to have a quick sale to avoid foreclosure.

According to the Modesto Bee news article today (4/4/08). There will be more free events scheduled to help at-risk homeowners.

• Assemblywoman Cathleen Galgiani has scheduled several workshops where lenders were invited.
• California state agencies coordinated some foreclosure prevention workshops. Free credit counseling is available.
• No Homeowners Left Behind-Stanislaus is planning monthly workshops in Modesto to provide free counseling. Lenders have been invited.

Please click on the Modesto Bee news article link above to get more details on the time and locations of the workshops.