Distressed vs. Non-Distressed

by | Aug 26, 2012 | Market Conditions, North County Coastal, REO Counts, Shadow Inventory, Short Sales | 4 comments

How many short sales and REOs are happening in the elite areas of NSDCC?  12%

Detached Sales between April 1 and July 31 in Del Mar, Solana Beach, RSF, and CV:

Type # of Sales Avg $/sf % of Total
SS & REOs
48
$297/sf
12%
Non-SS&REOs
338
$431/sf
88%
Total
386
$414/sf
100%

Here is the map of where the SS & REOs were located:

There are 135 SFRs on the NOD and NOTS lists, so there will be a few more dripped out, but for the most part we are in a non-distressed market – at least as far as we can tell.

Will banks keep the pressure on those behind in payments?

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Jim the Realtor
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4 Comments

  1. Jim the Realtor
    Jim the Realtor on August 26, 2012 at 8:36 am

    Cardiff, Carlsbad, and Encinitas had the remainder:

    SS & REOs = 134 @ $244/sf (20%)
    Non SS&REO = 511 @ $313/sf (80%)

    Total = 645 @ $299/sf

  2. Eli
    Eli on August 26, 2012 at 9:00 am

    “…we are in a non-distressed market” HEEEYYO! Is this going to result in higher prices in the short term?

  3. Hmmmm
    Hmmmm on August 26, 2012 at 9:23 am

    With prices on distressed sales so much lower on a $/sf basis could they be masking gradually rising prices in the Non SS&REO sales?

    We have gotten so used to rising prices meaning $50K jumps that we could easily be missing $10 to 20K increases.

  4. avgjoe
    avgjoe on August 26, 2012 at 3:11 pm

    its a sellers market.

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