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Are you looking for an experienced agent to help you buy or sell a home? Contact Jim the Realtor!

Jim Klinge
Cell/Text: (858) 997-3801
klingerealty@gmail.com
701 Palomar Airport Road, Suite 300
Carlsbad, CA 92011


Posted by on Feb 5, 2013 in North County Coastal, Short Sales, Short Selling, Thinking of Buying?, Thinking of Selling?, Why You Should List With Jim | 0 comments | Print Print

Non-Distressed Retail Environment

For this being the last scheduled year for the debt-tax exemption, the distressed listings are sure dripping out slowly around here.

Here are the number of January short-sale and REO listings in NSDCC:

Year Short-sales REOs Percent of all new listings
2010
49
17
16%
2011
44
10
10%
2012
38
14
13%
2013
14
9
4%

The 4% mark should be the point where we can say that this is a retail, non-distressed environment – what we used to call a seller’s market.

It means that sellers can probably expect 1% to 5% more than the last nearby comparable sale, and maybe more if everything goes right (better location, upgraded look, lack of other choices, and experienced listing agent).

Respect one thing – the buyers have the money.

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