There haven't been that many higher-end REOs around Carmel Valley - in the last four years there have only been 48 million-dollar houses foreclosed in 92130. In the same time period, there have been 659 MLS sales over $1,000,000 in the CV:
There seems to be increasing foreclosures-of-quality-properties around North SD County Coastal:
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?
There are currently 11,750 properties in SD County on the trustee-sale list. Are you wondering if the pipeline is being closely managed? Here are the numbers of foreclosed properties for January: 2008 - 1,621 2009 - 1,133 2010 - 1,285 2011 - 1,111 with one day to go...
I made a brief comment towards the end of this video about strategic defaults. I don't know how many people are strategic-defaulting. But when the servicers insist that you start missing payments to get their attention, then work you over during the...
In Bank of America's 4th quarter report today (seen at Calculated Risk), they state their preference and commitment to the drip system: Foreclosures Resumed foreclosure sales in most non-judicial states in early December, starting with vacant and non-owner occupied...
According to city-data.com, there are 11,304 houses and condos in 92130. 92130 Det. Att. MLS sales '09 380 265 Avg $/sf $338/sf $337/sf MLS sales '10 416 253 Avg. $/sf $340/sf $339/sf NODs today 33 31 NOTs today 49 44 F/C 2010 37 65 If 2011 ends up being about the...
Let's keep an eye on those properties recently foreclosed - first stop, Carlsbad:
