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April REOs and Short Sales

While we had a slightly better sales month than March, the percentage of distressed properties sold (REOs and Short Sales) remains at a higher percentage than last year.

For April there were 158 home sales in San Luis Obispo County. Of those, 52 were REOs and 15 Short Sales. That equals 44% of total home sales.

For REOs (Bank-owned), the solds were in:

Paso Robles – 18
Atascadero – 11
Nipomo – 9
Arroyo Grande – 3
Oceano – 3
San Luis Obispo – 2
Los Osos – 2
Cambria – 1
Cayucos -1
Cayuma – 1
Grover Beach – 1
Morro Bay – 1

For Short Sales:

Paso Robles – 7
Atascadero – 3
Pismo Beach – 2
Arroyo Grande – 2
Nipomo – 1

Condos/PUD sales in April:
Of the 20 total sales in SLO County, 8 were distressed (6 REOs, 2 Short Sales).


Written by Keith Byrd - Go to Keith's Website/Profile