28% of July’s La Crescenta home sales were foreclosures (REO’s) and short sales. Short Sales are when the bank agrees to accept a payoff less than the amount owed.  There is no way for me to count the number of homes sold where the homeowner lost money or was forced to sell because they were no longer able to afford their home.

The good:

*25 homes sold in July, highest number for the year

*Average Selling Price is up from May and June

*Days on Market is shortest for the year

*Percentage of selling price to list price is 98.81%