February 2009 ECHOED January 2009 when it came to the number of "distressed" sales CLOSED between $200,000 and $250,000:
8 Single Family Homes CLOSED in February between $200,000&$250,000
3 were "Short Sales"
2 were "REO's" or Bank Owned
3 were "Traditional" Sales
So, once again in 2009, over half the CLOSINGS between $200,000 and $250,000, in February 2009, were "Distressed Sales"!
As we get into the "Spring Selling Season", it will be interesting to see if this trend continues or diminishes. Remember; the homes that CLOSED in January and February, went UNDER CONTRACT in November, December and January!
Stay tuned...
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