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 | 17.9% |
Short | 585 | 43.6% | 123 | 19% | 785 | 19.4% | 1493 | 24.8% |
Resale | 681 | 50.8% | 417 | 64.3% | 2359 | 58.4% | 3457 | 57.3% |
Total | 1341 | 649 | 4038 | 6028 | ||||
*Market Recap statistics are a summary of ALL Current Active and In-Escrow transactions in your custom territory. Statistics are not based on the physical property location, but rather transactions being performed by the agents working out of offices in your territory. Closed counts are for a 12 month period. |
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