We have had many questions concerning our sales here at the beach about Short sales, Foreclosures, and Regular Sales. Some people think because it is a buyer’s market that they can offer 50% on the dollar for a property. There are some great deals still left but the steals are gone. The correction has been dramatic for a lot of seller’s; and people that thought they could not afford a property here at the beach a few years ago can now get something in their price range.
I will go through the Sales YTD by group and category and the percent that they were sold based on listing price according to our Coastal Carolina Association of Realtors MLS.
|
Residential |
% of Asking Price
|
Aver. Days on Market
|
% of Total on MLS
|
| Pre-Foreclosure or short sale | 88.68% | 291 | 05.24% |
|
Foreclosure |
93.97% | 114 | 17.84% |
| Lender Approved Short Sale | 95.76% | 231 | 02.37% |
| Auction | 00.08% | ||
| Regular Sales/ No Stipulation | 92.51% | 194 | 74.47% |
|
Condos
|
% of Asking Price
|
Aver. Days on Market
|
% of Total on MLS
|
|
Short Sale |
96.00% | 303 | 10.42% |
| Foreclosure | 96.77% | 101 | 26.51% |
| Lender Approved Short Sale | 93.36% | 362 | 02.29% |
| Auction | 00.18% | ||
| Pre-Foreclosure | 99.89% | 208 | 00.27% |
| Regular Sales/ No Stipulation | 89.07% | 199 | 60.33% |
|
Land
|
% of Asking Price
|
Aver. Days on Market
|
% of Total on MLS
|
|
Lender Approved & Short Sales |
80.31% | 280 | 05.13% |
| Foreclosure | 86.58% | 139 | 26.50% |
| Auction | 00.43% | ||
| Pre-Foreclosure | 00.43% | ||
| Regular Sales/ No Stipulation | 79.56% | 186 | 67.51% |
We hope you find this interesting. If you have any questions, give us a call and we will be glad to help.
The Willis Team wishes you, your family and our troops a very happy, relaxing, and safe memorial weekend and pray for peace and safety! We have attached a You Tube Video that is appropriate for this Holiday! We hope you enjoy it.
http://www.youtube.com/watch?v=hkGzqpGx1KU
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