Short sales 2,113 up from 2,021 last week! We’ve been climbing close to 100 each week.
Total SD County Listings 17,075 another relatively small climb from 16,796 last week. Inventory does not appear to flooding the market and I wonder if it will.
Quick update on NC Coastal. Active listings are flat (460 to 457) and pendings (in escrow) are also (168 to 169). Along the NCC, the market is still very tight for well priced homes. I wrote an offer on the kind of property I mentioned last week. Nothing fancy, just a nice clean 4BR home under 10 years old priced at the last closed sale. It was definitely well prepared and well marketed. There were 5 full price offers on the property after the first day on the market. I believe 3 were from corporate relocation clients coming from out of the area and that they all had very substantial down payments. My clients didnt get it.
