Ratio of "Distressed" Sales in Toms River, NJ, in February 2009
By Jim Flanagan
(Coldwell Banker Flanagan Realty)
February 2009 ECHOED January 2009 when it came to the number of "distressed" sales CLOSED between $200,000 and $250,000: 8 Single Family Homes CLOSED in February between $200,000&$250,0003 were "Short Sales"2 were "REO's" or Bank Owned3 were "Traditional" Sales So, once again in 2009, over half the CLOSINGS between $200,000 and $250,000, in February 2009, were "Distressed Sales"!As we get into the "Spring Selling Season", it will be interesting to see if this trend continues or diminishes. Remember; the homes that CLOSED in January and February, went UNDER CONTRACT in November, December and January!Stay tuned...
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