This chart represents the number of distressed single-family, condominium and townhome properties that were listed for sale at the end of each month in Lee and Collier counties.
The distressed segment of the market represents those homes in some stage of the mortgage default process, from short sale, to pre-foreclosure, to foreclosure, bank repossession, and auction or sale. Not all distressed properties are in foreclosure. Distressed pricing tends to reflect the impaired condition of the borrower or the property. Historically, there has always been some “normal” level of distressed activity, which has been elevated over the last several years.
The report was prepared 5/5/2016 using listing data supplied by Bonita Springs – Estero MLS (BEAR). All information is not guaranteed and should be independently verified.