Sales-to-List Price Ratio Increases for Distressed Properties
The sales-to-list price ratio for distressed properties increased significantly in September, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Move-in-ready REO maintained the highest sales-to-list price ratio, increasing to 97.2% in September, based on the three-month moving average. That was up from 96.5% in August and 95.3% in April. Other distressed property types have shown similar increases during that time. The highest sales-to-list price ratios are seen in Arizona, California and Nevada, where the ratios were 98.9% in September, based on the three-month moving average.
Strong Demand, Low Supply for Damaged REO Properties
The number of offers for damaged REO properties has surged in 2012, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. In September, damaged REOs received an average of 4.4 offers, based on the three-month moving average, up from 4.0 in August and 3.0 at the beginning of the year. Demand for damaged REOs is being driven by investors, though they have become frustrated because the supply of these properties has been limited. At the end of 2011, damaged REOs accounted for 13.7% of buy-side transactions, based on the three-month moving average. In September, the share fell to 10.7%.
Mark Slade
Keller Williams
917.797.5059
Good Homes
Selling a Maplewood/South Orange/Millburn/Short Hills area home involves many steps and having an experienced Maplewood New Jersey Real Estate Agent and Realtor®, specializing in the Bedroom Communities of New York City in Essex/Union County— Millburn, Short Hills, Montclair, West Orange, South Orange, Livingston, Maplewood, Springfield, Summit, Madison, Chatham, Scotch Plains, Fanwood, Cranford and Westfield--by your side will make the transaction run a lot smoother. I would love to be your Maplewood/South Orange New Jersey Area Real Estate Professional! I assist both buyers and sellers in the Bedroom Communities of New York City, mostly served by NJ Transit’s Mid-Town Direct Train Lines, offering commutes of 45minute or less to NY Penn Station, with either the purchase and or sale of residential real estate. I am also SFR certified and better qualified to assist you with your Distressed Property Business, whether on the Selling side or the Buying side of the equation.
As an Accredited Buyer’s Agent (ABR), I have received special training to guide and educate you through the entire home buying process. From start to finish, I listen to your needs and desires in what you would like and take the information you give me to find you home. My GO-TO team can provide you the best in Real Estate advice with regard to attorney choices, Home Inspectors, Mortgage Loan Officers and highly qualified to help you with your purchase considerations for Distressed Properties--Short Sales, Foreclosures, etc.
As your Maplewood/South Orange/Millburn/Short Hills/Essex/Union County New Jersey listing agent I am well versed on as your local expert in all things in the Maplewood and South Orange area Real Estate Market. You can expect personalized service that includes a detailed consultation on how to best position your Mid-Town Direct home to be competitive in today’s market with training to provide my clients with an in-depth Advanced Comparative Market analysis, and advice on staging. As my office’s technology officer as well as both a Zillow Platinum Premier and Trulia Premier agent, I use the latest and most up-to-date marketing methods to get your home in front of as many buyers as possible. Being your New Jersey Real Estate Agent and Realtor ® not only involves just finding the home or selling the home, but being your guide, negotiator, advisor and advocate and making sure that your needs and goals are met. Being your New Jersey Essex/Union County area Realtor® (with a little bit of Morris County thrown in for good measure) is one of my truest passions, and “Helping You Find Your Dream Home” is my number one priority.
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