The homeowners in the Ranchwood neighborhood that are not under financial pressure to sell, are not putting their homes on the market right now. There are currently 2 short sales offered on the MLS, 1 short sale in escrow, and 2 foreclosures that have not yet been put back on the market. The only closing so far this year, a 2 bedroom home with 920 square feet, looked like a bargain at $450,000 when it closed, but may turn out to be the highest $/square foot sale of the year!
