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Shalonda, the short sales have almost dried up as a local title company that offered negotiating services has cut back to just one individual handling the short sales. They make up less that 3% of our total market.
With 18 out 20 US neighborhoods with highest price appreciation in America being local. We past historical high several years ago and went over 2nd high. It will not reach 3rd plateau for several years. Too many highly paid jobs. Apartment starts at $3,000 and up ...
Short sale? Have not heard of it for several years now. Not here.
Silicon Valley, CA
In our market, distressed properties are a tiny percentage of our total sales and have been for two years now.
I haven't seen any short sales in quite a while here on Kauai. There are a few, but we don't expect to see many anytime soon.
It is already almost a year since short sale and REO listings significantly dropped in my area( Los Angeles and Valley, CA).
The number of short sales has dropped off considerably in my market. We are seeing more standard sales for sure.
short sales here are almost non existent, as bankruptcies are becoming more popular as a way out.
Standard, there are hardly any short sales at all.
I am seeing much fewer short sales and even REOs are dropping to under 3%. Standard slaes are the norm and it is showing market stability.
Shalonda, our short sales have gone way down is ce the beginning of last year.
Our distressed housing is very minimal now. We have seen standard sales now for about 2-3 years.
Standard all the way up here in Toronto. Never really saw a big dip at any point.
I Agree with Cindy. We are seeing more standard sales in San Bernardino as well and it is fuelled by investor flips.
Definitely more traditional sales. What were short sales several years ago are now REO sales, it appears to me.
There are still short sales out there, but far fewer than in days gone by. I'm seeing mostly standard sales at the moment.
The short sale is becoming less and less. partly because of home prices going up and people are able to get re-fied now instead of losing their homes.
I'm seeing very few short sales closing in my area. Though, I'm reading that they are making a comeback. I haven't seen evidence of this locally.
Here in Santa Barbara it is more standard sales. Every now and then there will be a short sale but they are all but non-existant.
In San Diego, we are seeing more standard sales these days...largely impacted by investors who are flipping the distress sales.
San Bernardino, CA
Multiple offer sales.
We still have short sales.