How many short sales and REOs are happening in the elite areas of NSDCC? 12%
Detached Sales between April 1 and July 31 in Del Mar, Solana Beach, RSF, and CV:
| Type | # of Sales | Avg $/sf | % of Total |
| SS & REOs | |||
| Non-SS&REOs | |||
| Total |
Here is the map of where the SS & REOs were located:
There are 135 SFRs on the NOD and NOTS lists, so there will be a few more dripped out, but for the most part we are in a non-distressed market – at least as far as we can tell.
Will banks keep the pressure on those behind in payments?
Cardiff, Carlsbad, and Encinitas had the remainder:
SS & REOs = 134 @ $244/sf (20%)
Non SS&REO = 511 @ $313/sf (80%)
Total = 645 @ $299/sf
“…we are in a non-distressed market” HEEEYYO! Is this going to result in higher prices in the short term?
With prices on distressed sales so much lower on a $/sf basis could they be masking gradually rising prices in the Non SS&REO sales?
We have gotten so used to rising prices meaning $50K jumps that we could easily be missing $10 to 20K increases.
its a sellers market.