Lose The Real Estate And Save The Business, Part 2

The answer may lie in distressed sales. In Q1 of 2009, a particular (or 10.5%) of those sales was as a result of a short sale or foreclosure. Within most recent quarter, distressed sales included 43% (or 3) within the transactions. Aliso Viejo Luxury Homes last year sat out there today for usually 6 months and only yielded 85% of modification asking total price. It would appear that aggressive pricing triggered an increase of distressed sales, this means that.improved the market? Would it be? Price per sq . ft . is up and time on market is down, despite the complete insufficient financing options at this level. The 3 distressed sales last quarter yielded 103% of asking price, only sat available for sale for 22 days, and sold at $261/sf.

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