Newest MLS Condo Reports for 8/27/2013 by Elaine360

Here are my updates for August 27, 2013

8-27-2013 New MLS Condo Report
8-27-2013 MLS Condo Inventory
8-27-2013 MLS Caravan

Distressed Sales Plunge Below 20 Percent in California

Distressed sales have plunged in the last year, the California Association of Realtors® (C.A.R.) said today, and are now at only about half of the level of one year ago.  Equity or non-distressed sales currently account for four out of five home sales in the state after rising for 17 of the last 18 months.

Distressed sales – usually sales of homes held in bank inventories (REO) or short sales – fell to a 17.1 percent share in July compared to 20.1 percent in June and 40.8 percent in July 2012.  C.A.R. said that 25 of the 38 counties reporting showed a June to July decrease.  In two counties, San Mateo and Santa Clara, distressed homes accounted for only 4 percent of sales.

 

Read more from Jann Swanson of the Mortgage News Daily here

 

Elaine                                                     
DRE #00598428
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed

“Fewer properties for sale with such remarkably low interest rates make it a great time to sell but a more difficult time to buy”

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