Frankfort Short Sales / Distressed Sales - 2011
By Raymond Kennedy
(Keller Williams Preferred Realty)
Short Sales in Frankfort totaled 22 successful closings for the year of 2011. Of those 22 closed Frankfort Short Sales 20 of them were single family homes, 1 was a townhouse/condo and 1 was vacant land. It is also important to note that a total number of 44 Frankfort Real Estate properties were foreclosed in 2011. This is a total of 66 distressed sales (including short sales & foreclosures). With a total of 256 Frankfort Real Estate properties closing in 2011, this represents just above 25% of all closed sales being distressed sales down from 2010 where it was roughly 27% of all the closed sales. There is no question regarding the fact that these distressed sales weigh on our home values, especially the foreclosures not to mention the damage it creates for those involved. The num...
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