Saturday, March 7, 2009

Ratio of "Distressed" Sales for February 2009, in Toms River, NJ

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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