Market Conditions

Properties sold in June of 2010 that were bank owned made up 65% of the residential sales. That’s down from 82% in June of 2009.

This is a result of more Short Sales as a larger force in the residential market.

There was also a 26% drop in Closed Sales for June 2010 versus June 2009 in San Bernardino County. Properties going under contract were off 20% in the same period.

Bank Owned properties for sale were down 11% during that period.

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