Foreclosures & Short Sales in Tarzana: February 2011

This is your monthly update on the foreclosures and short sales in Tarzana.  Keeping informed of the overall market trends in the area you are looking to buy makes you a more informed and powerful consumer. Foreclosures & short sales represent 31% of the active listings in Tarzana.

1 Foreclosures is currently on the market

  • 1 single family residences at an average price $600,000; average days on market 38; average price per square foot $342.07

51 Short Sales are currently on the market

  • 13 single family residences at an average price $873,154; average days on market 119; average price per square foot $278.34
  • 33 condos at an average price of $211,628; average days on market 124; average price per square foot $182.12
  • 5 townhomes average price $276,480; average days on market 114; average price per square foot $194.57

0 Foreclosure came on the market in February

9 Short Sales came on the market in February

  • 2 were single family residences at an average price of $699,500; average price per square foot $229.12
  • 6 were condos at an average price of $232,667; average price per square foot $186.28
  • 1 townhome at a price of $345,000; average price per square foot $228.17

1 Foreclosures sold in February

  • 1 single family residence sold at a price of $855,000; selling after 277 days on the market; price per square foot $213.96

10 Short Sales sold in February

  • 4 single family residences sold at an average price of $818,750; selling after 94 days on the market; average price per square foot $243.09
  • 6 condos sold at an average price of $410,167; selling after 137 days on the market; average price per square foot  $337.59

Check back in next month to get the latest update on the Tarzana real estate market.