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SD County REO/SS Sales&Pricing

Posted By Jim the Realtor On November 23, 2011 @ 12:19 pm In Market Conditions,Sales and Price Check,Thinking of Buying?,Thinking of Selling? | 1 Comment

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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. 

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