april 2012: Newport Beach REO Market Update | April, 2012 - 05/31/12 03:43 PM
Newport Beach REO home buyers usually face the challenge of competing with multiple offers on the properties. Also, Newport Beach REO home buyers are competing with cash buyers as well.
Newport Beach currently has an inventory of REO or bank owned homes. Currently there are five active listings, five back up, five in pending status, and four sales for the month of March, 2012.

Comparison from prior month is below.
Listings are the same since March, 2012Back Up is  is up +3 since March, 2012Pending is the same since March, 2012Sold properties are down -2 from March, 2012
There is a low absorption rate  of the REO property  of approximately one month or … (2 comments)

 
Sharon Paxson, Newport Beach Real Estate (Sharon Paxson, Realtor® EQTY Forbes Global Properties)

Sharon Paxson

Newport Beach Real Estate

Newport Beach, CA

More about me…

Sharon Paxson, Realtor® EQTY Forbes Global Properties

Address: 425 30th Street, Suite 1, Newport Beach, CA, 92663

Office: (949) 280-0681

Mobile: (949) 280-0681

This blog is to provide you with up to date real estate information regarding Newport Beach and surrounding communities.


Listings

Links

Archives

RSS 2.0 Feed for this blog