Tuesday, October 04, 2011

Lake City Florida - Real Estate Market Update

Quick Market Update:

Right now there are over 380 homes in Columbia County - Lake City area for sale.
Of those total 380 homes listed for sale.
72 are short sales
19 are bank owned or foreclosures.

That leaves alot of other sellers that have their homes on the market.
There are 40 homes currently under contract (Pending) in this area.

There have been 212 homes that have sold this year in the Columbia County, Fort White, Lake City, FL areas. Out of those, 30 have been short sales, 59 banked owned for foreclosures, making the total sales over 40% of our market is distressed properties.

Chad Stewart
Real Estate Pro
Burbach Realty Services.