Are banks holding back on foreclosed properties in San Diego?

[SD Realtor]

Rus he had a listing on Chapalita in Encinitas recently. Comps were in 500’s and perhaps a bit higher and he listed at 360k. I would imagine the bidding pushed the home into the 400’s if not 500’s. He has another current listing in Southpark and the comps are I believe in the high 200s if not 300s and he priced it at 220k I think.

All his listings do get put on the MLS.

So yeah the listings that I know of do get bid up. As far as REOs getting priced right I agree that most of them do indeed get priced correctly but in his case they seem to get priced exceptionally low.

I compare him to like Earl Gervais who seems to get ALOT of REO properties and Earl doesn’t price as aggressively, but he still does price well and his homes also do get bid up.

[NotCranky]

That’s what I thought. So it’s a good strategy for himself but doesn’t necessarily help buyers.In fact with bidding wars it could be problematic. Hopefully he, and others doing this,do move them along quickly so as not to string out potential buyers too long.

[NotCranky]

That’s what I thought. So it’s a good strategy for himself but doesn’t necessarily help buyers.In fact with bidding wars it could be problematic. Hopefully he, and others doing this,do move them along quickly so as not to string out potential buyers too long.

[NotCranky]

That’s what I thought. So it’s a good strategy for himself but doesn’t necessarily help buyers.In fact with bidding wars it could be problematic. Hopefully he, and others doing this,do move them along quickly so as not to string out potential buyers too long.

[NotCranky]

That’s what I thought. So it’s a good strategy for himself but doesn’t necessarily help buyers.In fact with bidding wars it could be problematic. Hopefully he, and others doing this,do move them along quickly so as not to string out potential buyers too long.

[NotCranky]

That’s what I thought. So it’s a good strategy for himself but doesn’t necessarily help buyers.In fact with bidding wars it could be problematic. Hopefully he, and others doing this,do move them along quickly so as not to string out potential buyers too long.

[Anonymous]

There are over 11,000 bank-owned detached and attached properties in SD County currently, according to a title company search last week.

Number of them on the open market?

There are 1,136 in the MLS that are marked as REOs.

But the REO listing agents aren’t required to mark that box, and it is relatively obscure at the bottom of the listing input screen.

I’d guess that less than half of the 11,000+ are on the market though.

[Anonymous]

There are over 11,000 bank-owned detached and attached properties in SD County currently, according to a title company search last week.

Number of them on the open market?

There are 1,136 in the MLS that are marked as REOs.

But the REO listing agents aren’t required to mark that box, and it is relatively obscure at the bottom of the listing input screen.

I’d guess that less than half of the 11,000+ are on the market though.

[Anonymous]

There are over 11,000 bank-owned detached and attached properties in SD County currently, according to a title company search last week.

Number of them on the open market?

There are 1,136 in the MLS that are marked as REOs.

But the REO listing agents aren’t required to mark that box, and it is relatively obscure at the bottom of the listing input screen.

I’d guess that less than half of the 11,000+ are on the market though.

[Anonymous]

There are over 11,000 bank-owned detached and attached properties in SD County currently, according to a title company search last week.

Number of them on the open market?

There are 1,136 in the MLS that are marked as REOs.

But the REO listing agents aren’t required to mark that box, and it is relatively obscure at the bottom of the listing input screen.

I’d guess that less than half of the 11,000+ are on the market though.

[Anonymous]

There are over 11,000 bank-owned detached and attached properties in SD County currently, according to a title company search last week.

Number of them on the open market?

There are 1,136 in the MLS that are marked as REOs.

But the REO listing agents aren’t required to mark that box, and it is relatively obscure at the bottom of the listing input screen.

I’d guess that less than half of the 11,000+ are on the market though.

[Raybyrnes]

Jim
Big fan of your posts and your site.
If you were making an end of year prediction on percentage appreciation depreciation of Carlsbad what would be your best guess?

[Raybyrnes]

Jim
Big fan of your posts and your site.
If you were making an end of year prediction on percentage appreciation depreciation of Carlsbad what would be your best guess?

[Raybyrnes]

Jim
Big fan of your posts and your site.
If you were making an end of year prediction on percentage appreciation depreciation of Carlsbad what would be your best guess?

[Raybyrnes]

Jim
Big fan of your posts and your site.
If you were making an end of year prediction on percentage appreciation depreciation of Carlsbad what would be your best guess?

[Author]

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