Before this weeks update I want to clarify one thing. The count we are tracking is the number of listings with the words “short sale” in them NOT the number of short sales which cannot be tracked. Due to limitations of the data, it includes listings that say “not a Short Sale” and double counts listings that say “short sale” in more than one of the fields I am searching. With that said, its the best we got and provides a useful way of watching distressed property sales increase.
Short sales 1,482 up significantly from 1398 last week. Probably the biggest single increase in a week since we began following this.
Total SD County Listings 15,892 essentially the same as 15,868 from last week and still relatively flat for the year.
Here is some data from my submarket. The number of pendings as of the 1st week in March is essentially the same as last year. However, detached home inventory is down about 13% and attached inventory is down 33% from last year. If we are going to see inventory spike dramatically it has to start in the next 30 days.
