Cash Rules in the Bank Owned Duplex/Four-Plex Market

Multiple Offers In a Recession.? You Kidding…?  Read On….

You’ve heard though the Main Stream Media that we are in a recession “nationally” and if you didn’t know, the most recent report regarding unemployment in the Sacramento Region pegs us at 12.3% 

Most of us in the real estate business know that there is a lot of money looking for a home…especially… in the investment real estate sector.

Would you believe that  50% of the 171 Closed Transactions in the 3^rd Quarter 2009 were all Cash deals with no financing involved..?   Check out the stats below here.

 Cash Deals                                                         85        49.707%

Conventional Financing – Min. 25% Down      61       

FHA – Owner Occupied – Min. 3.5% Down      11       

Other                                                                         14      

Total Closed Sales 3rd Quarter – 2009              171

Not only is Cash king here,  on top of that prices are not coming down.  The Average List Price to Sales Price Ratio  these 171 closed escrows came in at 102.33% during this time period.

I’ve provided some of the hard data, such as the Address, List Price, Sales Price, Year Built, Days on Market, etc in the link below.   I hope you find it useful and informative.

DUPELX – FOUR PLEX CLOSED SALES DATA FOR THE PERIOD OF JULY 1, 2009 – SEPTEMBER 30, 2009

If you would like a more detailed report or have some interest in a particular property just drop a note my way by clicking here.

MAKE IT A GREAT DAY….!