Quick Search

Distressed vs Traditional Sales

Foreclosure Distressed vs Traditional Resales

Every Quarter the CCAR (Collin County Association of Realtors) publishes a detailed report on foreclosure activity for NTREIS (North Texas MLS).  You won’t find this information everywhere.  The chart shows by quarter the last 3 years of foreclosures vs traditional resale activity.  As you can see foreclosure sales were down 14.3% from 2008.

Better Deals

I think this is because resales became a better value to the consumer. And most banks are much more difficult to work with.  As you can see the share of lender activity is still above 20% and will continue to be so for a while.  You really have to drill down specifics to county, city & neighborhood to get an accurate picture of foreclosure vs resale (regular seller) activity.  I can tell you that in Plano zip codes: 75093, 75024 & 75025 foreclosures listings have doubled since 2008.  For example: the inventory used to be 25 properties and now hovers around 50 as the banks definitely control the flow of inventory. Foreclosures and distressed sales

About Terry Smith

Passionate about real estate, positive problem solver, specialty boutique real estate brokerage that does things your way! A full-time Broker & REALTOR®, helping people buy and sell homes in the Dallas - Plano area. Whether you're a buyer just starting out or someone with luxury properties to sell. I have extensive knowledge and experience to help you with your real estate transaction. I am a native Dallasite. Have questions? Ask me. You can find me on Google+ and Pinterest.

Speak Your Mind