The number of bank owned properties available is going down while at the same time there are record number of bank owned sales and pending sales.  The inventory of single-family bank owned properties has gone from 25 to 19 in just the last 2 weeks on the California side of South Lake Tahoe.  Currently there are 33 bank owned properties with Pending status and 25 have sold in just the last 2 months.

This certainly appears to be good news indicating that buyer’s are willing to buy and as the inventory clears out there will be no other direction in prices other than upward.  This is a great opportunity to take advantage of the bank owned pricing in anticipation of future appreciation before they are gone.

Larry Sabo – Realtor  California & Nevada

This entry was posted on Friday, September 25th, 2009 at 5:58 pm and is filed under Foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.