Some areas of the nation are seeing short and REO sales in such large numbers that they are the majority of all sales, I recently published a chart for Kauai showing distressed sales are only 1/4 of the market there. On Maui they are a little higher at almost 1/3 of overall sales in the month of September. That is still substantially less than the worst areas of the country. What remains to be seen is whether we have escaped the worst or whether it just hasn't arrived yet. I have joined the Keller Williams Realty short sale and REO team so as to be prepared in case it's the latter while hoping that it isn't.
Data below is based on agent reports for September which are not audited for accuracy.
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