Menu
TwitterRssFacebook
More Links

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

Carlsbad
(760) 434-5000

Carmel Valley
(858) 560-7700
jim@jimklinge.com


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.

Leave a comment

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>