Coastal Sales Mostly Exempt from Distress

The coastal market in Santa Cruz County has been mostly exempt from short sales and bank-owned sales, as the graph below demonstrates. From January through April of 2011, there were a total of 11 distressed sales in the coastal area of the county, and 53 non-distressed sales. Furthermore, none of the distressed sales exceeded $900,000, while there were 20 sales over $900,000 that were non-distressed.

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