Dixon Team OC Mythbusters: The Majority of homes on the market are NOT short sales.
Let's take a quick look at some of the data out there for the Huntington Beach market. You may be under the perception that the majority of the properties on the market right now are short sales or distressed properties. That isn't the truth at all. Right now only one third of all the Homes for sale in Huntington Beach are short sales or distressed. But that's not the whole truth. Check out this short video from Dixon Team OC's Ken Dixon:
If you just watched the video, you can tell that although short sales aren't the majority of the homes or condos for sale in Huntington Beach the short sales and bank owned properties are actually selling. We actually see up to a $100k difference in selling prices of distressed properties and listing prices of non-distressed homes. So even though most buyers would prefer to buy a place that isn't a short sale or bank owned, it's not likely that buyers would even consider a property in a neighborhood that's been listed for $100k more than others. What are things like in your community??
Dixon Team OC