It's the beginning of the year so time for the round-up of last year's distressed property sales in Los Altos Hills. So here's what happened:
Single family and condo townhomes :
Total sales: 97
Short Sales: 4
REO: 6
Distressed sales as a percentage of total sales: 10.3%
Compare to 2010
Total sales: 81
Short Sales: 5
REO: 1
Distressed sales as a percentage of total sales: 7.4%
My conclusion:
The percentage of distressed properties in Los Altos is higher 2011 over 2010. 7-10% distressed property sale percentage is just beginning to affect values but I think there are other reason Los Altos Hills values are decreasing that are more important than short sales and foreclosures. The area is just not as popular these days as Atherton and Palo Alto are for the high end buyer.
If you have any questions about short sales or bank owned homes please feel free to contact me.
Marcy Moyer
650-619-9285
D.R.E. 01191194
Marcy Moyer Keller Williams Realty Palo Alto, Ca. Specialist in Short Sales and Trust and Probate Sales
© 2024 Created by Brett Goldsmith. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.
You need to be a member of Short Sale Superstars to add comments!
Join Short Sale Superstars