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The answer may lie in distressed sales. In Q1 of 2009, only 1 (or 12.5%) of those sales was being caused by a short sale or foreclosure. In our most recent quarter, distressed sales landed 43% (or 3) of your transactions. Aliso Viejo Luxury Homes last year sat that money can buy for an average of 6 months and only yielded 85% of major asking bargain. It would appear that aggressive pricing led to an increase of distressed sales, of which.improved the market? Might it be? Price per square foot is up and time on publication rack down, despite the complete lack of financing options at this level. The 3 distressed sales last quarter yielded 103% of asking price, only sat in existence for 22 days, and sold at $261/sf.
This can be a major decision and investment, with lots of hours of at stake it is crucial to prepare properly and be educated in this journey and take crucial steps in order to certain all the right decisions are made along means.