REOs Getting More Attractive

Written by Jim the Realtor

February 2, 2011

If these hit the open market around what the same prices as offered at the ‘steps, it should create frenzy-like conditions.  Are flippers wearing down, or do they know something?

4 Comments

  1. tj & the bear

    I got a ticket once for “cling-ons”. 🙂

  2. Valerie

    There was a house in bay collection that closed recently in the high 700s. It’s getting harder for spinnaker hills to justify their high prices when you can get a huge brand new home with much more curb appeal in bay collection in the 800s.

    The house at the other end of daffodil just closed for $675. It was not as nice inside but same view and it had a pool.

  3. Jiji

    Kind of goes along with what I was seeing , NC got hit hard 4Q last year from what I have been seeing.

    The one for 381K seems a good deal, I think the flippers will make a nice profit on that one.

    The last one for 680K I think will not be on the market long, nice view !

    Just My opinion but I think this cold weather back east will bring some domestic migration into Socal this spring, so maybe that will be something interesting to watch, also maybe even Florida will see a come back of sorts. Again just my opinion .

  4. Local Boy

    I’ll bet the one in Rancho Carrillo will go on at $550K or above.

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