Poking around the Marin MLS I noticed that a large percentage of REO and Short Sale listings are in escrow. Though not always true, it is often perceived that REO properties are a bargain. Short Sales are know to have a high fallout rate in escrow but can also be a good deal.
Here are the percentages of single family homes in escrow from the Marin BARIES MLS:
REO: 43%
Short Sales: 27%
Others: 22%
At 43% in escrow REO’s are experiencing a seller’s market in Marin County Real Estate.
Warren Carreiro, Broker http://www.realtyofmarin.com/ warren@RealtyOfMarin.com
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