One of the properties was on the historic register, which complicates how the property can be developed, remodeled, etc. I don’t have any specifics about the other highly discounted properties.

My guesses:

* Urgent need to sell
* Poor pricing methodology from the outset
* Defects or other issues found during the inspection
* Agressive buyer activity
* Property handled by relocation company who didn’t want to hold it long.

All speculation….

Most showed ~10% price drops, which isn’t far off the 92% or so of the average list to sale price across the market as a whole. In our analysis, we are going back beyond the current listing, and including any previous listings since the previous sale.

In our West Linn analysis ( http://www.move2westlinn.com ), we are now seeing some banks settling short sales at significantly reduced prices. We’ll see if this is a blip, a trend, or a wave.