It’s really interesting to look at the percentage of foreclosures and short sales among certain price segments in Sacramento County over the past quarter. Generally speaking, the higher the price, the lower the percentage of foreclosure, and the lower the price, the higher the rate of foreclosure. Why do you think there are more distressed sales at lower price levels? Why does the percentage of distressed properties tend to decrease as price levels increase?
NOTE: I wanted to show distressed percentages up to $1,000,000, but there were only 24 sales in Sacramento County between $650,000 to $1,000,000 over the past quarter, so the data was too sparse to really establish a trend. The data above $500,000 in fact starts to get really limited.
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