The distress sale statistics are from foreclosures (REO’s) and short sales. Short Sales are when the bank agrees to accept a payoff less than the amount owed.  These statistics are only considering sales where the lender lost money.  Distress sales are again up are up in La Canada, June’s stats were just 4%, but May’s were 22%.  The market is moving, but high end sales remain sluggish.

*The average selling price has continued its monthly decline since May’s high for the year.

* Average selling price to list price of over 98% remains strong.

Related Posts: Junes distress sales down in La Canada