- 9 of these homes (56%) were bank owned foreclosures, with average days on the market of 63.
- 4 of these homes (25%) were short sales, with average days on the market of 292.
- 2 of these homes (12.5%) were traditional sellers, with average days on the market of 67.
The ratio of closed short sales is the highest that I have seen this week. I don’t think this is a sign of things to come, just a coincidence….
Price differential is still holding high at 99.82% of list price. Overpriced properties are not selling. If you are a seller in this market, your list price is the most important thing that your agent provides to you. Don’t make the mistake of interviewing multiple agents and selecting the agent with the highest price, or lowest commission.
Associate, The Tim Wood Group
42153 Big Bear Blvd.
P.O. BOX 6820
Big Bear Lake, CA 92315
909 866-3481 EXT. 217 CELL 909 725-5889
Fax 909 866-3531
www.thetimwoodgroup.com/author/stevehirschler (group website)
http://twitter.com/stevehirschler (follow me)