Solera at Oak Valley Greens - Distressed Sales Update
By Diana Mangan, SOLERA Oak Valley Greens Homes for Sale
(Solera Realty Team)
Solera at Oak Valley Greens - Distressed Sales Update Per DataQuick, distressed sales continued to make up more than half of the resale market in Southern CA. Distressed sales include bank-owned properties (also known as REOs) and short sales. DataQuick monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts. In the 55+ community of Solera at Oak Valley Greens, located in Beaumont, CA, distressed sales have made up 42% of sales since the first of the year. A total of 19 Solera homes have sold since January 1, 2012; 6 were bank-owned, 2 were short sales, and 11 were standard sales. And while it's heartbreaking to look at the year-to-date numbers for Solera, we ...
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