This past week in Oceanside there were 21 sales. 81% – 17 of the sales were either Short Sales, Bank Owned sales, or Flips. The average sales price was $256,071 with an average of 75 days on the market.
The week before only 20% or 4 out of 20 homes in Carlsbad were Short Sales or Bank Owned sales. This past week – 58% of the homes that sold in Carlsbad were either Short Sales or Bank Owned sales – 14 out of 24 homes. This is a dramatic turn around!
If you have a friend or family member who has a home that is “underwater” have them contact us for advice on the possibility of a Short Sale before the bank forecloses on their home.