Distressed Housing Market Data for California.
The days of distressed property sales dominating the real estate market are over.
Short sales and bank-owned properties are considered distressed sales. Equity sales, also referred to as traditional or non-distressed sales, increased to 64.9 percent in November 2012 compared to 50.2 percent in the same period in 2011. That is the highest percentage since May 2008.
Distressed housing market data released by the California Association of Realtors® (C.A.R.) show that the number of all distressed property sales decreased to 35.1 percent in November of 2012 compared to 49.8 percent in the same period in 2011. In October 2012 that number was 36.6 percent.
Short Sales account for roughly 2/3 of distressed sales.
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