San Diego real estate has become a HOT commodity! Experience shows that once a property is on the San Diego Multiple Listing Service, the bidding war begins! This article from the National Association of Realtors shows that foreclosed San Diego homes or as referred to in the business REO’s, offered for sale are sold at a discount of a mere 2.4% less than short sales or traditional sales. The reason is simply an extreme shortage of housing inventory.
Read about Foreclosure Discounts Vanishing at Realtor.org.