NSDCC Short-Sale Quantity
We saw how pricing was lower with short-sales vs. non-short-sales, but how many short sales are there in North SD County’s Coastal region?
Either way (including the closed sales from the last three months or not), short sales are making up around 15% of the overall detached-home market in NSDCC:
|MLS Status||Short Sales||Non-SS|
Short sales are 31% of the contingent+pendings, which should nicely supplement the closed-sale counts for the rest of the year – though if they continue to sell at lower prices, they will be a contributing factor to what could appear to be a pricing slump in 4Q12.