A while back I did some research on some popular neighborhoods in the area and their short sales. Two things that came up was:
1. Most people who live in these popular neighborhoods were not aware that short sales were an option.
2. Many buyers didn’t even look in these areas, they thought that these subdivisions were unaffected by the market.
You can get into a neighborhood like Hamilton Mill for the low $200K range which is unheard of in Hamilton Mill.