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Wednesday, November 23rd, 2011 at 12:19 PM

SD County REO/SS Sales&Pricing

Thoughts regarding San Diego’s detached and attached sales + pricing mix:

1.  Elective sellers plan around the seasons.

2.  Bank-involved sales aren’t as seasonal, and appear to be well-managed.

3.  This wasn’t the year of the short sale. 

There were only 5% more short sales completed during the first 10 months of 2011, than in the same period of 2010.  Next year might get a boost from the threat of the debt-relief tax exemption expiring at the end of 2012, but sellers sure are nonchalant about selling/giving up the free-rent program.

 4.  Generally, the county-wide pricing is on a very slow descent, and mostly flat this year. 

Posted on Wednesday, November 23rd, 2011 at 12:19 PM in Market Conditions, Sales and Price Check, Thinking of Buying?, Thinking of Selling? | 1 Comment » | 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: One Response

  1. If there’s a downward trend then January 2010 we should see lower levels than we did in January 2011.

    Thaylor Harmor | November 24th, 2011 at 6:48 pm

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