Wednesday, October 7, 2009

Cache Valley has more than 40 Short Sale Homes

The number of homes requiring short sales continues to rise for Cache Valley. There are now more than 40 listed properties that require bank approval. Prices are dropping on these properties, especially the more expensive ones. Currently the most expensive Short Sale Home in Cache Valley is priced at $475,000. A few months back there were a half dozen homes more than half a million.

Overall the number of real estate listings in Cache Valley is dropping. An increased number of short sales tells us that prices are declining and more borrowers are seeing hard times.