Over 23,000 REO sales comps now available on LoopNet

The rise in REO /Bank Owned properties is one of many changes the commercial real estate industry has witnessed in the past few years. The fact that REOs accounted for 16% of all new comps that LoopNet has thus far recorded in 2011 also indicates their growing influence.

With over 23,000 REO/Bank Sold comps available in the Property Comps database, LoopNet can now provide an important window into distressed transactions that may influence the pricing in the overall marketplace.

How to search for REO comps on LoopNet:

  1. Log in to LoopNet and click “Search Sales Comps
  2. Enter your search criteria and type “REO” in the Keyword field
  3. Click Search