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    Christie Oakley
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    Bank Owned (REO) Market Share Analysis

    Let’s take a look at bank owned market share.  The sales data analyzed is from the Multiple Listing Service of Catawba Valley (MLSCV), and was current for the year to date on April 29th, 2011.  Projections are based on pending homes sales.

    Alexander County

    In Alexander County there have been $6,302,425 spent on homes sold through the MLSCV.  21.77% of the dollars were spent purchasing bank owned homes.  This is the lowest percentage in the area.  The data suggests the banks will gain market share in Alexander County in the second quarter of 2011.

    Market share year to date: 21.77%.  Projected market share in the second quarter of 2011: 31%.

    Catawba County

    In Catawba County there have been $35,199,005 spent on homes sold through the MLSCV.  23.79% of the dollars were spent purchasing bank owned homes.  This is the second lowest percentage in the area.  The data suggests banks will lose market share in Catawba County in the second quarter of 2011.

    Market share year to date: 23.79%.  Projected market share in the second quarter of 2011: 14%.

    Caldwell County

    In Caldwell County there have been $13,841,910 spent on homes sold through the MLSCV.  32.81% of the dollars were spent purchasing bank owned homes.  This is the second highest percentage in the area.  The data suggests banks will gain market share in Caldwell County in the second quarter of 2011.

    Market share year to date: 32.81%.  Projected market share in the second quarter of 2011: 49%.

    Burke County

    In Burke County there have been $4,687,225  spent on homes sold through the MLSCV.  41.63% of the dollars were spent purchasing bank owned homes.  This is the highest percentage in the area.  The data suggests banks will gain market share in Burke County in the second quarter of 2011.

    Market share year to date: 41.63%  Projected market share in the second quarter of 2011:  48%

     

    The opinions expressed here are strictly those of the author, and do not represent the opinions of the Multiple Listing Service of Catawba Valley, Inc..

    Posted in: Market Analysis, Real Estate

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