After having repeated questions about the differences between REO and Non-REO sales, we decided to analyze this a little further and produce another White Paper. Instead of just listing some really generic numbers we pursue a more scientific track and put some of our econometrics training into practice. This particular study looks at two recent samples of sales in the Las Vegas Valley for single family and then for condominiums. I won't post the whole study here but some highlights include:

• Yes, REO's do generally sell for less (we note some reasons why including motivation, time on the market). See also our previous post on liquidity adjusted prices.
• We notice several characteristics of REO sales, such as differences in size, DOM, lot size that effect observed prices. Regression techniques help here (See study).
• Sales Price to List Price ratios are on average higher than non-REO's.
• We map the sales so you have an idea of the distribution of REO and non-REO sales in the Valley.

Intrigued? Simply take the time to send us an email at info@cbprds.com and let us know you want a copy of the study.