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More Shadow Inventory

Posted By Jim the Realtor On February 17, 2011 @ 7:21 pm In Shadow Inventory,Short Sales | 5 Comments

It happens about once a week that we see an out-of-town realtor input a new listing in their hometown MLS, thinking that it somehow magically transports in our San Diego MLS here.  But it is probably due to their assumption that just because the rest of SoCal is on one MLS system, San Diego must be too - but Sandicor is holding out. 

As a result, these listings don’t get exposed to SD realtors, but Redfin picks them up because they search by area, not MLS system.  We are monitoring Redfin now, but hat tip to Genius, who sent this over.  It is a short sale, the seller owes over $1,000,000, according to foreclosureradar:

[1]633 Rushville, La Jolla

3 br/2 ba 1,214sf

4,099sf lot

$659,000

MLS Remarks:

Wow! What an opportunity to live in La Jolla at this price. This lovely traditional craftsman home is only a couple of blocks from the beach. Home is in good condition on the inside. Tax roll says 2 bedroom but actually 3 with over 1200 sqft of living space. Hardwood floors throughout with a fireplace in living room. Great for moving in or an investment property!

[2]


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