Distressed Prices Are Higher Than Non-Distressed Prices-Really!!

by Michael Bolton on November 22, 2011

There hasn’t been very many times when doing my market research for appraisals that I’ve run across a situation where distressed sales are selling for more than non-distressed sales. Now granted the data set was fairly small, but what a great example of what happens when the inventory levels drop, and demand increases. They call that basic economics 101, supply and demand. I’m guessing that if the inventory levels can stay low over the winter months, then┬áthe spring market we’ll see some strong price increases. And won’t that be a fun time trying to find comparable sales for!

If you have any questions, or real estate appraisal needs (divorce, bankruptcy, tax appeal, or estate planning) please contact Michael at 612.599-2581, or use the form on the contact page.

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