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Bank Owned Properties Taking Good Portion of the Buyers

I pulled together a stat today for an investment group that was just crazy.

Here's the set-up: Single family homes sold between 1/1 and 3/23 in St Joseph, Sauk Rapids, Sartell, Waite Park, and St Cloud.

Here's the numbers:

30% of all homes sold in 2008 during this time frame were bank owned.

59% of all homes sold in 2009 during this time frame were bank owned! 

A seller asked me some time ago - "Where have all the buyer's gone?"  The better question might likely be "What are buyers looking for in a home?"

It looks like by these numbers that the answer is price.


Jason Tangen - GRI, e-PRO - Real Estate Broker Associate with Edina Realty in St Cloud.

http://StCloudEdina.com - Get a free list of the bank owned properties on the St Cloud MLS.

http://JasonTangen.EdinaRealty.com - Search homes for sale in Waite Park, MN.

Best on the Internet for Real Estate St Cloud MN

Posted by Jason Tangen on March 25, 2009 08:25 PM |


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