Mission Hills Wrap-up
Two offers are in, both over list price. Never mind those holes!
Two offers are in, both over list price. Never mind those holes!
Somebody is excited about the list price here – it gets repeated several times!
This was going to run tomorrow – but what the heck, a day early!
I take great pride in my proprietary gear, developed solely for my valued clients…..
This REO has been on the market for almost two weeks – the urgency of a fresh new listing is gone. Today we’re seeing if the repairs that were just completed might help to re-ignite interest:
Taxpayers should enjoy the spectacular views from La Jolla Heights Natural Park – where the City of San Diego allows the public to enjoy some of its 42 acres.
Click here for more, plus this youtube:
I hope we can be your foreclosure channel – here’s one that listed this afternoon:
The photos of this REO look decent with the upgraded kitchen – but it unravels from there:
Additional stats not mentioned in video for North SD County Coastal detached:
April 2011 sales so far = 206 (+20 for late-reporters)
Jan – April 2011 sales = 189 monthly avg.
Active/solds (1,497/189) = 7.92 months’ of inventory (under 6 is ideal)
Jan – Apr 2010: 726 sales, avg $380/sf
Jan – Apr 2011: 756 sales, avg $373/sf
If anyone thinks selling REOs is gravy, take a look at this:
San Diego sold pricing is showing roughly a 10% increase over the last 12 months on this $/sf chart. Seller optimism is way out in front, though the blue line is only measuring those that haven’t sold, so it should always be higher: