Saturday, June 14, 2008

Modesto Real Estate - Bank Owned REO Home $86/sq. foot , Bank Owned and Short Sale Real Estate Statistics

I've set up auto-prospecting in MetroList MLS and I am getting daily email notifications on REO homes in my north Modesto neighborhood. The following two MLS listings are amongst the lowest, very affordable REO Modesto CA home price (per square footage) I've seen in this area (MLS map Area 20101 - Modesto North of Briggsmore, West of McHenry):

Kensington Park Modesto home in California 95356:
$87.22 per square foot Listing Detail #80059512 - Residential

Rose Hollow Modesto home in California 95356:
$86.73 per square foot Listing Detail #80059583 - Residential


As of 6/14/08, active short sale and active short sale contingent Modesto CA real estate statistics:

Total: 691 Modesto short sale homes (single family)

Average size: 1549 sq. ft. Average price $199K - $129 per square foot
Average Days on Market 93

Median size: 1395 sq. ft. Median price $180K - $129 per square foot
Median Days on Market 79

REO Bank Owned Modesto CA Real Estate statistics:

Total: 559 Modesto REO homes (single family)

Average size: 1445 sq. ft. Average price $160K - $111 per square foot
Average Days on Market 58

Median size: 1297 sq. ft. Median price $140K - $111 per square foot
Median Days on Market 40


Irene Chan, MS, REALTOR®
website: http://www.modesto-real-estate-now.com
http://www.modesto-realtor.com


Disclaimer: this information is obtained from MetroList MLS, verified but not guaranteed. Please rely on your own research if there is any discrepancy. This information is not to be viewed as investment advice or advice of any sort.

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