In Los Altos Hills from Jan 1, 2012 until June 30, 2012 there were:
1 closed short sales
0 closed bank owned homes
Total sales during this time period were 45
Total % Short Sales: 2.2%
Total % REO Sales: 0%
Total Percentage Los Altos Hills Distressed Properties: 2.2%
The low number of distressed property sales in Los Altos Hills is consistant with the other high prices neighborhoods in Silicon Valley. These areas are showing strong sales, good appreciation, and plenty of buyers with enough cash and income to purchase. Compared to the same time period in 2011 there were 2 closed short sales and 5 foreclosures with 52 sales for a total of 13.5% sales being distressed. 2012 is definatley different.
If you have any questions about short sales or foreclosures in Santa Clara County please feel free to contact me.
Marcy Moyer
marcy@marcymoyer.com
650-619-9285
DRE 01191194
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