El Dorado Hills - Homes & News - DeeDee Riley Realtor: The Emergence of the Current REO Market for Sierra Foothill Communities

The Emergence of the Current REO Market for Sierra Foothill Communities

El Dorado Hills, Cameron Park, & Folsom, CA Communities

In today's real estate market, all the talk is about bank owned properties.  They have played a huge part in falling prices for all areas, but even more so in developing areas that experienced large growth. For the Sacramento area, Natomas and Elk Grove were hit hard by this factor.  It was not long ago though that our market was almost standing still as buyers were afraid to invest and have their investments drop value to a bottom that could only be speculated.  And it was not long ago that our common phrase "bank owned" listing was non-existent.  Below is a chart showing the first bank owned sales experienced in the current downturn by three of our local foothill areas: El Dorado Hills, the Cameron Park Vicinity, and Folsom with a look at the market of the time in comparison to the REO share of today's market.  These statistics were gathered from our Lyon Real Estate Trendgraphix program.  To see more market trend statistics for Sacramento and surrounding counties click here





DeeDee Riley - El Dorado Hills Realtor - Lyon Real Estate - CABRE#01499004


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Comment balloon 0 commentsDeeDee Riley • July 08 2008 07:59PM