Are there more, or less ‘bank deals’ being closed around SD’s North County Coastal region?
About the same – in fact, last month was exactly the same YOY (32 REO/SS), just a different mix:
The overall 30% increase in sales was entirely due to more traditional sellers coming to market – the ones who are proud sellers, and have time/leverage on their side. Will buyers concede on price?
If so, more sales will feed on themselves, and some neighborhoods will enjoy pricing momentum if a few houses on a block come on the market early in the season.