If you’re trying to gauge your chances of finding a seller who is distressed, here are the number of detached properties that have listed on the MLS as short sales (SS), bank-owneds (REO) or regular sellers (Reg.), plus the number of SFR trustee sales completed that either went back-to-bene (BTB) or were bought at the steps by a 3rd party – since March 1st:

Town or Area Zip Code SS REO Reg. BTB 3rd
Cardiff 92007 2 1 16 0 2
Carlsbad NW 92008 3 3 25 3 2
Carlsbad SE 92009 8 5 88 3 3
Carlsbad NE 92010 2 4 18 4 1
Carlsbad SW 92011 9 1 54 2 0
Del Mar 92014 0 0 36 0 1
Encinitas 92024 7 3 76 4 2
La Jolla 92037 3 3 94 2 1
RSF 67+91 0 4 77 2 1
Solana Bch 92075 2 2 23 5 0
RB West 92127 12 5 85 7 1
Carmel Vly 92130 7 5 96 0 1
’10 Total All 55 36 688 32 15
’09 Total All 44 15 747 28 2

This year has seen a relatively big increase in short-sale and REO listings compared to 2009, but they’re still only 12% of the total listings that have been coming on the market recently in San Diego’s North County Coastal region. With only 1-2 properties being sold at the trustee sales per day, there isn’t much to look forward to this summer. The regular sellers won’t be feeling much pressure from distressed neighbors, and likely to hang around waiting…..for something.

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