Short Sales 
Information on the Short Sale process for buyers, sellers and property owners who may owe more than their property is worth.
There are currently 5 blog entries related to this category.
Short Sale and Foreclosure - Carlsbad, Encinitas, Cardiff
Thursday, April 26th, 2012 at 11:16am. 93 Views, 0 Comments.
Home many short Sales, foreclosure homes and resale homes make up the coastal market?
We have many clients that are curious about foreclosure & Short Sales - and how much they make up of the current market. The numbers below are for a 12 month period. Below, you can see REO property is currently shrinking and short-sale home increasing. This is due to more people short-selling as opposed to letting the bank foreclose. Resale homes, or traditional homes, still make up a majority of the marketplace on the coast. (Want more info? Contact Tyson Lund)
For the following cities: (Carlsbad, Encinitas, Cardiff)
| Territory Market Recap* | ||||||||
|---|---|---|---|---|---|---|---|---|
| Active | In-Escrow | Closed (List Side) | Total | |||||
| REO | 75 | 5.6% | 109 | |||||
Carlsbad Market Summary - 2012
Wednesday, January 25th, 2012 at 4:52pm. 149 Views, 0 Comments.
Carlsbad and General Market Summary:
Tyson Lund - Broker Associate , The Lund Team, Inc
Active
real estate brokers are noticing a shift in the San Diego real estate
market. Many areas of the county are experiencing fewer homes for sale
than in previous months. Professionals call this “inventory restriction”
and it is having a noticeable affect on our local Carlsbad market. An
increase in the number of home buyer showings per available home.
Average time to sell in the current market for non-short sale property
has dropped by 33% to 60 days average market time. Brokers are finding
multiple offers more common on their desirable listings with the seller
achieving near 99% of their asking price. Now although it is much…
Carlsbad Condo Stats For 2012
Monday, January 23rd, 2012 at 11:37am. 84 Views, 0 Comments.
Carlsbad condominium and town home sold values remain unchanged through 2011 and early 2012. Thanks in part to low mortgage rates and greater affordability, attached property has found a pricing equilibrium. The average attached sale in Carlsbad between November 2011 and January 2012 remain relatively unchanged from a year prior at $326,000. Home buyers found with record low mortgage rates (currently below 4% for 30 year fixed rate) the cost of owning a condo / townhome was often equal or better to paying current rents. Average time on market is around 55 days for traditional sale property. Short-sale’s are a large part of the attached market in Carlsbad making up 40% of the active inventory. Short-sales, ever the…
Real Estate In The News: Rates, Sales & More
Friday, September 23rd, 2011 at 9:36am. 157 Views, 0 Comments.
The Los Angeles Times
Mortgage rates hold steady, Freddie Mac survey says
The
interest rate on a 30-year fixed mortgage held steady this week at a
60-year low while the 15-year fixed loan edged down to a new record low,
mortgage finance company Freddie Mac said in its weekly rate snapshot.
Read the full story
HousingWire
Five more years of housing problems, with some stability in local markets
The
housing market remains shaky and is unlikely to deliver significant
growth in prices over the next five years, according to a new survey of
economists, real estate professionals and analysts.
Read the full story
The Los Angeles Times
Sales of previously owned homes jump in August
The
number of homes sold increased 7.7 percent in August compared with…
997 Wild Iris Ct, 92078 - Amazing Short Sale Opportunity!!
Monday, August 1st, 2011 at 4:03pm. 220 Views, 0 Comments.
http://www.firsthometour.com/16803
4,200+ sq. ft. 270 degree Ocean Views. Cul-De-Sac. Pool and Spa. Model like interior. $799,900.
Call us ASAP if you want a chance at this one... 760.438.0800
