
“No, I’m not kidding, it’s SOLD!”
Something has happened to the “doom & gloom” real estate market in San Diego County. Good news is becoming more the norm, when it comes to discussions around the water-cooler. Homeowners, buyers, and their agents are noticing the disappearance of “For Sale” signs in their neighborhoods. Are termites eating them? Is it delusional wishful thinking? Reports are coming in from reliable sources that echo the masses. It appears the bottom IS finally here and in fact, has been here for several months now.
We’re seeing reduced numbers of foreclosures coming on the market, and they’re selling within days after listing. Even the once shunned ’short sale’ property is now fielding multiple offers in a matter of days after listing. AND…get this…the winning bid is typically higher than asking price AND is being sold As-Is!
DataQuick just reported that the proportion of former foreclosures being sold dropped to 47.3 percent of all resales, compared with the record 55 percent in January 2009. Hmm…
“Top 5 signs we’re (finally) at the bottom of the housing market…”
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