Bill on Marketing

Relax real estate sales professionals, while we comment on the latest, successful real estate auction. These auctions aren’t going away. The very positive news is they clear out standing inventory. Combine this with latent demand for homes and banks reinstituting construction lending and our industry can then begin a return to normalcy.

Here are the final numbers for Marcato in downtown Tacoma: Just over 700 traffic groups toured the site in the month leading up to the auction event. 17 homes for sale. 17 sold. Price range of sold units: $140,000 - $260,000. 135% of published, minimum bid. Units sold for around $200 per square foot. The event was expertly run.

Sarah "Krebsy" Adams Crunches Numbers

Our favorite publication around here, the Daily Journal of Commerce, recently published a very interesting chart showing how much commercial real estate lenders recover on defaulted loans. The chart is broken down by product type. The source is Real Capital Analytics and covers the entire U.S.

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