Distressed Sales Gain Greater Market Share — New York Real Estate #business #realestate #newyork

Distressed Sales Gain Greater Market Share

by Raja Tayeb on April 11, 2010

Distressed homes

First American CoreLogic reports that distressed properties accounted for 29 percent of all U.S. home sales in January. Also, real estate-owned sales rose to 22 percent of homes sales from 19 percent in December, and short sales rose to 8 percent from 7 percent.

Average sale prices in January were $161,600 for distressed homes, compared to the average nondistressed sale price of $247,700, $141,900 for REO properties, and $215,300 for short sales.


Source: American Banker (04/09/10)

Posted via web from New York Real Estate Access | Real Estate Blog

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