Short Sale and Foreclosure - Carlsbad, Encinitas, Cardiff
Posted by Tyson Lund on
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 | 16.8% | 894 | 22.1% | 1078 | … |
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