Just how distressed are CV and 4S?

[SD Realtor]

Last week I started a thread about 4S distress sales. The goal is to identify how many distress sales there are in 4S. The search was simple, look at active and pending listings with strings such as “short sale”, “foreclosure”, “lender owned” or any other text in the remarks or confidential remarks that would indicate distress.

I will also attempt to include CV in the search. Hopefully this will help us identify how the distress to non distress ratios look in the more desirable areas in the county. Recall for 4S I put 4S in the subdivision field so if the listing agent didn’t put 4S in the subdivision field then it will not come up in my search. Also this is for detached homes only. For CV I did 92130.

12/17/07 (4S Only from last week)

38 actives
14 pendings

11 of the actives have a comment denoting a short sale or lender approval required.

3 of the pendings have a comment denoting a short sale or lender approval required.

2 pending is bank owned
1 active (albert) has short

By far the best comment for one of the actives that was not a distress sale was the bonus of a trip to Tahiti for two if COE before Feb 15!

***********
4S

12/26/07

39 actives
15 pendings

– 4 new actives listed from 12/18-12/26
– 1 of the new actives is a short
– 2 new pendings that from 12/18-12/26
– 1 of the new pendings is a short
– 2 previous actives went cancelled from 12/18-12/26
– 2 solds, one of them was a pending that was short.

****************

12/26/07

92130

115 actives
39 pendings

– 2 actives are short sales
– 3 pendings are bank owned
– 1 pending is a short sale

Overall these numbers indicate a very low percentage of distress activity via the MLS.

[Coronita]

Not surprised for detached..  Are you going to include attached too? 🙂

[Coronita]

Not surprised for detached..  Are you going to include attached too? 🙂

[Coronita]

Not surprised for detached..  Are you going to include attached too? 🙂

[Coronita]

Not surprised for detached..  Are you going to include attached too? 🙂

[Coronita]

Not surprised for detached..  Are you going to include attached too? 🙂

[SD Realtor]

heheheheh…

No… way to much work my friend. I will say that the distressed markets for attached will indeed be stronger then detached.

SD Realtor

[SD Realtor]

heheheheh…

No… way to much work my friend. I will say that the distressed markets for attached will indeed be stronger then detached.

SD Realtor

[SD Realtor]

heheheheh…

No… way to much work my friend. I will say that the distressed markets for attached will indeed be stronger then detached.

SD Realtor

[SD Realtor]

heheheheh…

No… way to much work my friend. I will say that the distressed markets for attached will indeed be stronger then detached.

SD Realtor

[SD Realtor]

heheheheh…

No… way to much work my friend. I will say that the distressed markets for attached will indeed be stronger then detached.

SD Realtor

[SD Realtor]

4S

1/6/08

32 actives (10 shorts, 2 REO)
17 pendings (4 shorts, 1 REO)

– 2 new actives listed since 12/27
– 1 of the new actives is a reo
– 4 new pendings that went pending after 12/27
– 2 previous actives went cancelled since 12/27
– 4 previous actives expired since 12/27

No Solds since 12/27
****************

1/6/08

92130

109 actives (1 short, 2 REO)
31 pendings (1 sHORT 4 REO

10 new actives since 12/27
1 of the new actives is an REO. (Caminito Stella which as of today has 14 offers on it)
7 new pendings since 12/27
9 expireds since 12/27
4 cancelled since 12/27
4 withdrawns since 12/27
1 withdrawn was a short sale.

Note that one of the REO I found on the actives in 92130 did NOT have any string in the comments. I just happened to remember seeing it as a distress sale so when I looked in the tax roll it was indeed REO. I don’t think many listings are like that but it was curious.

SD Realtor

[SD Realtor]

4S

1/6/08

32 actives (10 shorts, 2 REO)
17 pendings (4 shorts, 1 REO)

– 2 new actives listed since 12/27
– 1 of the new actives is a reo
– 4 new pendings that went pending after 12/27
– 2 previous actives went cancelled since 12/27
– 4 previous actives expired since 12/27

No Solds since 12/27
****************

1/6/08

92130

109 actives (1 short, 2 REO)
31 pendings (1 sHORT 4 REO

10 new actives since 12/27
1 of the new actives is an REO. (Caminito Stella which as of today has 14 offers on it)
7 new pendings since 12/27
9 expireds since 12/27
4 cancelled since 12/27
4 withdrawns since 12/27
1 withdrawn was a short sale.

Note that one of the REO I found on the actives in 92130 did NOT have any string in the comments. I just happened to remember seeing it as a distress sale so when I looked in the tax roll it was indeed REO. I don’t think many listings are like that but it was curious.

SD Realtor

[SD Realtor]

4S

1/6/08

32 actives (10 shorts, 2 REO)
17 pendings (4 shorts, 1 REO)

– 2 new actives listed since 12/27
– 1 of the new actives is a reo
– 4 new pendings that went pending after 12/27
– 2 previous actives went cancelled since 12/27
– 4 previous actives expired since 12/27

No Solds since 12/27
****************

1/6/08

92130

109 actives (1 short, 2 REO)
31 pendings (1 sHORT 4 REO

10 new actives since 12/27
1 of the new actives is an REO. (Caminito Stella which as of today has 14 offers on it)
7 new pendings since 12/27
9 expireds since 12/27
4 cancelled since 12/27
4 withdrawns since 12/27
1 withdrawn was a short sale.

Note that one of the REO I found on the actives in 92130 did NOT have any string in the comments. I just happened to remember seeing it as a distress sale so when I looked in the tax roll it was indeed REO. I don’t think many listings are like that but it was curious.

SD Realtor

[SD Realtor]

4S

1/6/08

32 actives (10 shorts, 2 REO)
17 pendings (4 shorts, 1 REO)

– 2 new actives listed since 12/27
– 1 of the new actives is a reo
– 4 new pendings that went pending after 12/27
– 2 previous actives went cancelled since 12/27
– 4 previous actives expired since 12/27

No Solds since 12/27
****************

1/6/08

92130

109 actives (1 short, 2 REO)
31 pendings (1 sHORT 4 REO

10 new actives since 12/27
1 of the new actives is an REO. (Caminito Stella which as of today has 14 offers on it)
7 new pendings since 12/27
9 expireds since 12/27
4 cancelled since 12/27
4 withdrawns since 12/27
1 withdrawn was a short sale.

Note that one of the REO I found on the actives in 92130 did NOT have any string in the comments. I just happened to remember seeing it as a distress sale so when I looked in the tax roll it was indeed REO. I don’t think many listings are like that but it was curious.

SD Realtor

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