Selling in the newer tracts can be treacherous – do your homework, and get help!

The 147 houses in these two Carlsbad tracts were sold by Shea Homes in 2003 and 2004, and have a $111/mo HOA fee and the Mello-Roos is $884/yr.

Current Activity:

2 = NODs

1 = NOTS

1 = Bank-owned not on market

3 = Active listings

3 = Number of REOs resold since 12/08.

Seven houses are waiting to sell; four bank-related deals vs. three active listings.

Are buyers going to gravitate towards “stealing one from the bank?” Yes, they are, and sellers should expect a tough fight.

Here’s a youtube video that shows how quickly things can change in five months:

(I mis-spoke in the video, the first house you see just closed for $780,000, not $760,000)

The homeowner who has a trustee-sale date next month just gave up after trying for 62 days to short-sell their 3,495sf plan with ocean view for $779,000:

If you are buying or selling, keep track of the foreclosure activity!

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