Plymouth Distress Sales 2008 - 14.5% of All Home Sales
There is lots of news about distress sales in the media lately. In some parts of the country distress sales are currently representing 30-40% of the transaction activity.
In Plymouth, MN for 2008, distress sales have represented 14.5% of all closed residential transactions - 76 out of 525 total as of August 24, 2008 and based upon my methodology below. (I run a custom search in the “Agent Remarks” field in order to pick up various terms. It’s by no means perfect, but it’s quite good. Once in a while I pick up what we call in the business, a “normal” seller).
*short sale*,*shortsale*,*bank*,*REO*,*corporate own*,*corp own*,*corp. own*,*3rd party*,*approval*,*foreclosure*,*forclosure*,*pre foreclosure*,*preforeclosure*,*pre-foreclosure*,*as is*,*as-is*,*subject*,*HUD*,*redemption*
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