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Tuesday, May 13th, 2008 at 1:37 PM

Foreclosure Agents

 

How are the foreclosure agents doing?

Buyers prefer "bank deals", and apparently the lenders are getting the price right! 

We’ve been following the same four realtors who specialize in REO sales – here’s an update on their sales of houses and condos:

Jun 11 – 328 Actives/98 Pendings = 3.35

Aug 21 – 382 Actives/111 Pendings = 3.44

Sep 20 – 425 Actives/97 Pendings = 4.38

Nov 9 -  486 Actives/128 Pendings = 3.80

Nov 25 – 484 Actives/138 Pendings = 3.51

Dec 14 – 446 Actives/147 Pendings = 3.03

Jan 15 – 474 Actives/149 Pendings = 3.18

Feb 7 -   482 Actives/187 Pendings = 2.57

Mar 13 – 477 Actives/205 Pendings = 2.33

Apr 18 – 467 Actives/247 Pendings = 1.89

May 13 – 418 Actives/298 Pendings = 1.40

 

The same four agents have closed 487 transactions year-to-date. 

(They closed 763 in 2007)

The averages, based on year-to-date/since April 1st:

1,532 sf/1,541 sf

$337,913/$323,973 average sale price

$220.57 per sf/$210.24 per sf

94 days/80 days on market

 

Every notch downward, the market picks up a little more steam.

 

Posted on Tuesday, May 13th, 2008 at 1:37 PM in Foreclosure Agents | 5 Comments » | Print Print You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Reader Comments: 5 Responses

  1. THE AGENTS that handle REO’s are also playing games. There is one called T…d that has a crude way of doing business.

    Fred Bulkowski | May 13th, 2008 at 3:32 pm

  2. Do you know where most there listings are? I think I am seeing a lot of downtown condos going pending.

    LV Renter | May 13th, 2008 at 3:50 pm

  3. Inventory of these four agents:

    Actives/Pendings

    D-town condos 1/5
    Oceanside 59/63
    Vista 34/22
    San Marcos 17/20
    Carlsbad 8/9
    Encinitas 4/1
    Carmel Valley 1/0
    RSF & La Jolla 0/0
    Del Mar, SB & Cardiff 0/0

    Those are just these four agents. With 594 active condo listings downtown, there has to be a few more REOs in the bunch.

    Jim the Realtor | May 13th, 2008 at 4:46 pm

  4. That seems like A LOT of houses – are they making a sh*tload of cash on them or what?

    Big E | May 13th, 2008 at 5:23 pm

  5. Yup, those are the four happiest realtors in the county right now. By the way, Jim, how’s it going with your Countrywide listings? Are they letting you set an aggressive enough price?

    Simone | May 14th, 2008 at 3:49 pm

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