bubbleinfo.com » REOs for sale

Just Another Spec House

Jim the Realtor — Sat, 31 Jul 2010 06:21:21 +0000

There are 28 houses for sale in Rancho Santa Fe, 92067 between $7 and $30 million. There has only been one sale this year over $7 million, which was $7.8 million and you can see it here: http://www.previewfirst.com/mls/video/18745

Here’s one of the 28 for sale, and just what everyone needs – a 15,235sf new house on 5.44 acres in the Covenant…..with its own cabernet sauvignon vineyard:

Lower Tier Report

Jim the Realtor — Wed, 30 Jun 2010 04:45:58 +0000

osidebuyer wants a report on the lower-tier homes.

In Oceanside the cheapie SFR foreclosures have dried up, and there’s been an incremental YOY increase in $/sf pricing, with the lowest up about 15%, with those over $400,000 being flat.

Here are the first half detached sales counts by price range, and their average $/sf:

Oside	Under $200K	$201-$300K	$301-$400K	Above $400K
2009	141, $144/sf	259, $183/sf	281, $192/sf	146, $233/sf
2010	38, $165/sf	179, $202/sf	263, $209/sf	184, $232/sf

What used to buy a house in O-side two years ago, now gets you a condo with a $318/mo HOA fee:

Enough

Jim the Realtor — Mon, 29 Mar 2010 04:54:16 +0000

I don’t want to beat a dead horse – we know that realtors are committing fraud and deceit. Here’s an example of one guy, the previous listing agent of this house, who has been inputting short-sale listings onto the MLS for the last 1+ years, with the vast majority (over 75% of them) marked pending or contingent immediately.

If your clients are getting what they want, then maybe you can sleep at night. But when just as many of a broker’s listings are being foreclosed on, as are selling, there’s a problem:

RSF vs. The Rest

Jim the Realtor — Sat, 13 Mar 2010 05:46:36 +0000

Feel like spending around $1.3 million or so?

Here’s what it’ll get you in the Convenant of Rancho Santa Fe:

Could Be ‘Front Someday?

Jim the Realtor — Thu, 28 Jan 2010 03:31:26 +0000

http://www.sdlookup.com/MLS-100005290-916_Mira_Mar_Oceanside_CA_92054

More Slinky Needed

Jim the Realtor — Tue, 26 Jan 2010 16:32:47 +0000

Is the new year bringing more REOs to market?

Though everyone wants to “steal one from the bank”, if you’re looking to buy in North SD County Coastal (Carlsbad-to-La Jolla), you’ll find few opportunities to snag an REO sale.

Have there been more REO listings coming on the market in 2010?

Detached	2010 REO listings	2010 Total listings	REO Percentage
All SD County	303	2,255	13.4%
NSDC Coastal	12	338	3.6%

No flood yet. What’s the difference in pricing?

Detached	2010 REO listings	2010 Total listings
All SD County	$199/sf	$296/sf
NSDC Coastal	$311/sf	$515/sf

Buyers see the REO listings, and dig the improved pricing – but there aren’t enough to go around. We don’t necessarily need more REO inventory, just more REO-type pricing on regular listings.

Substitution Effect

Jim the Realtor — Wed, 20 Jan 2010 13:24:54 +0000

The low inventory is causing some buyers to cast a wider net, and those who venture out to places like Vista are finding some intriguing alternatives:

Hotel California?

Jim the Realtor — Mon, 18 Jan 2010 19:10:19 +0000

We’ve been following this story for years about the 16,330sf house in Olivenhain, and now it’s finally on the market, listed for $2,700,000. The basics are covered in the video, but this article fills in some of the extra details: Link to NYTimes article

Housing To Keep You Trim

Jim the Realtor — Sun, 13 Dec 2009 16:55:21 +0000

The perfect REO Diet Plan: Dancing, Cocaine, Eating Prevention Device, and Swimming!

I’m not sure you could split this lot. The frontage on Lone Jack is too skinny, and zoning is for multiple-dwellings, but I would think they’d insist on two-acre minimum lot size. Opening bid was $675,000.

Justice Served

Jim the Realtor — Sat, 28 Nov 2009 14:56:07 +0000

Here’s a flipper who was foiled in the act.

A realtor had listed this house in June, noting that it was a short-sale flip in progress. They had arranged (conspired) with the seller to submit to the existing lender a short sale package at a lower price, and then listed it on the MLS for $598,321 before the short sale was approved – intending to pocket the difference.

Instead, the bank foreclosed on them: