Comments on: New Distressed Listings by Month – June 2009 http://thephoenixagents.com/new-distressed-listings-by-month-june-2009/ Chris Butterworth - sharing thoughts on real estate (and everything else.) Sun, 13 May 2012 07:46:19 +0000 hourly 1 http://wordpress.org/?v=3.1 By: 2nd Quarter sales at Record Levels http://thephoenixagents.com/new-distressed-listings-by-month-june-2009/comment-page-1/#comment-1390 2nd Quarter sales at Record Levels Mon, 06 Jul 2009 17:01:50 +0000 http://thephoenixagents.com/new-distressed-listings-by-month-june-2009/#comment-1390 [...] Last week we talked about the number of foreclosures hitting the market, and Dean Ouellette gave us additional insight about the brisk pace of sales (see the [...] [...] Last week we talked about the number of foreclosures hitting the market, and Dean Ouellette gave us additional insight about the brisk pace of sales (see the [...]

]]> By: Chris Butterworth http://thephoenixagents.com/new-distressed-listings-by-month-june-2009/comment-page-1/#comment-1384 Chris Butterworth Thu, 02 Jul 2009 16:58:59 +0000 http://thephoenixagents.com/new-distressed-listings-by-month-june-2009/#comment-1384 Great points, Dean. And thanks for sharing. We've worked with plenty of buyers in multiple offer situations, but I hadn't seen 20+ at a time! I've written recently that we're probably at the market's bottom, basing my opinion on the same type of things you're seeing - there's no reason for prices to drop further when banks are getting multiple offers. But to the thousands of "regular" homeowners out there who just want to move up or change neighborhoods - they need the bank-owned inventory to clear & get out of the way.. Great points, Dean. And thanks for sharing. We’ve worked with plenty of buyers in multiple offer situations, but I hadn’t seen 20+ at a time!

I’ve written recently that we’re probably at the market’s bottom, basing my opinion on the same type of things you’re seeing – there’s no reason for prices to drop further when banks are getting multiple offers.

But to the thousands of “regular” homeowners out there who just want to move up or change neighborhoods – they need the bank-owned inventory to clear & get out of the way..

]]> By: Dean Ouellette http://thephoenixagents.com/new-distressed-listings-by-month-june-2009/comment-page-1/#comment-1383 Dean Ouellette Thu, 02 Jul 2009 14:27:02 +0000 http://thephoenixagents.com/new-distressed-listings-by-month-june-2009/#comment-1383 Chris the other number to watch is active single family foreclosures on the market. Even though more are coming out, the number is not going up. Our team has had a large increase in foreclosures hit the market in the last month BUT our active listings are not really going up, just our pendings. The are being absorbed as fast as they come on the market and with some properties getting as many as 20-25 offers on them, I dont see it really changing. I say bring them on, the market is ready to absorb most of them. Chris the other number to watch is active single family foreclosures on the market. Even though more are coming out, the number is not going up. Our team has had a large increase in foreclosures hit the market in the last month BUT our active listings are not really going up, just our pendings. The are being absorbed as fast as they come on the market and with some properties getting as many as 20-25 offers on them, I dont see it really changing. I say bring them on, the market is ready to absorb most of them.

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