March 2008 short sales in Redondo Beach
This is the list of recent short sales that my database is currently banging out. My prior list is here.
I measure strictly on a sale to sale basis, and do not take into account the costs of selling. Were I to do so, there would be more properties listed here.
SALE PRIOR % CHG PROPERTY SQFT
SALE
2008-04-07 2005-12-13 -16.0 103x Avenue A 850
2008-03-17 2005-03-15 -6.0 20x Camino Real B 2301
2008-03-17 2005-10-15 -15.0 62x Esplanade 66 1361
2008-03-03 2005-12-09 -11.0 152x Carver Street 1945
2008-02-26 2006-04-15 -32.0 44x Calle Miramar 88 1868 *
The Calle Miramar transaction is flagged as abnormal by Zillow. It also went for more than asking price, which invalidates my claim that no recent transactions sold for more than asking price.
posted by bearmaster at 4:50 AM
2 Comments:
I think the Calle Miramar example just shows that if you get under the market price, buyers will bid it back up to market. It amazes me how many sellers do not get that!
I wonder why the short sales rate will be in a year from now? All indicators are that it will be a multiple of today's rate.
Still a waiter's market...
The typical consumer has far too much debt for a quick recovery. Cest la vie.
Got Popcorn?
Neil
I have provided a link to help realtors doing short sales. This website will have short sale packages for every lender. If you need a package that is not on this site please feel free to email me.
Rgerner@360realty.com
http://www.360realty.com/westhollywood/2009/01/short-sale-package/
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