If I’m reading this right, “contingents” represent short-sale listings which are NOT in escrow yet.
In other words, there are actually 11,694 (active/”contingent”) listings on the market in SD County, with 2301 of those located in nirvana (NCC).
Out of the 11,694 “active/contingent” listings in the county, 62.7% of them are “traditional sales or REOs” and 37.3% of them are “SS listings.”
Out of the 2301 listings in nirvana, 74.6% of them are “traditional sales or REOs” and 25.4% of them are “SS listings.”
Do I have this info correct?
Is there a way to break out the “traditional sale/REO” percentage of current listings into which is which? In other words, for the county’s 62.7% overall, it could be 45% “traditional sales” and 17.7% “REO’s.”
I want to know what the “real” percentage of current “distressed” listings is.
