Category — Foreclosures

It is hard to tell if the Salt Luxury Foreclosures are getting absorbed or if banks are slowing down the flow into the market place to try and save some value by not over supplying the demand any more than it already is.

I am seeing less new Luxury Foreclosures come on the market and it seems like arms length sellers are starting to list more luxury homes. Frankly I am not sure why, they are listed at about twice as much as the bank properties. Banks are listing them around $100 per foot +/-, where local folks are up to and over $200 per foot.

I still think banks are sitting on more inventory and will only drip in the supply so they don’t drop further.