In Woodside from Jan 1, 2012 until June 30, 2012 there were:
3 closed short sales
4 closed bank owned homes
Total sales during this time period were 51
Total % Short Sales: 5.8%
Total % REO Sales: 7.8%
Total Percentage Woodside Distressed Properties: 13.6%
These numbers do not tell the whole story. 3 of the 4 foreslosures and 2 of the 3 short sales were in the Skyline area which is always a harder sell than closer to town, so given that information again, there are almost no distressed property sales in Woodside. There are currently 47 active listings in Woodside, about the same number as in Palo Alto, but without the incredible competition for homes like in the Palo Alto market. Maybe it is worth giving Woodside a look if you are having trouble finding what you want in Palo Alto.
If you have any questions about short sales or foreclosures in San Mateo County please feel free to contact me.
Marcy Moyer
marcy@marcymoyer.com
650-619-9285
DRE 01191194
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