Sorry for the delay but I had to take a quick vacation to find some Sun to keep the family from going bonkers with all the gloomy weather of late. I ran the numbers the same time as usual on Monday but didnt have the time to post an update until now.
Short sales 2,369 up from 2,260 last week! Increases are still steady.
Total SD County Listings 17,725 another small climb from 17,548 last week. This tends to be a big week for new listings. Next week’s report will be telling.
Quick update on NC Coastal. Active listings(468 to 485) and pendings (180 to 171) went in opposite directions which tips the scales a bit towards the buyers side.
Anecdotes from the field. I was driving back home through French Valley/Murrieta/Temecula today and cant believe how many homes have been built out there. It doesnt surprise me that speculation and fraud was rampant out there. What the hell does anyone need with an 8 bedroom house anyway?
In f/u to last weeks post, the nice house in Del Mar I mentioned last week went into escrow on 5/30 right after Memorial Day. We looked at 4 houses that day and 3 out of 4 we looked at have sold.
