Another new listing, a short sale, popped up on the ER golf course yesterday, and while it seems we’re spending an inordinate amount of time in the ‘hood, it makes for a good example of what could be brewing on a street or area near you.
As a homebuyer, when you see FIVE distressed properties on the market at virtually the same time, does that make you want to step up, or back off?
Especially when you see a mix like this:
|REO or SS||Street||Sq. Ft.||Previous Sale||List Price||Status|
|REO||Paseo||5,177sf||$1.950 6/04||$1,255,900||SOLD 10/10/09 $1,256,000|
CONT = Offer(s) in, contingent on bank approval
The $200,000+ variance in the list prices doesn’t help, and with four left to choose from, which one do you pick? Or does the market freeze up?
Here’s the latest video: