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Tahoe and Truckee Distressed Home Sales

In the area of distressed properties we are mirroring the national trend of more banks supporting short sales as compared to last year.  For 2012, short sale properties closed have gone up by 26% with 169 closed short sales in 2012 as compared to 134 closed short sales in 2011.  Short sales closed are identical to REO properties closed.  REO properties closed in 2012 have gone down (3.5%) with 169 properties closed in 2012 as compared to 175 properties closed in 2011.  Overall, distressed property sales, (REO and Short Sales) represent over 28% of the sales in 2012 which is less than the 30.9% in 2011.
  • November 12 2012 - Tahoe City
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