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Posted by on Sep 21, 2012 in North County Coastal, Short Sales, Thinking of Buying?, Thinking of Selling? | 0 comments | Print Print

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
Actives
49
1,208
Contingents
228
43
Pendings
74
623
Soldslast90days
155
1,044
Totals
506
2,918

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.