In Menlo Park from Jan 1, 2012 until June 30, 2012 there were:
9 closed short sales
9 closed bank owned homes
Total sales during this time period were 227
Total % Short Sales: 4%
Total % REO Sales: 4%
Total Percentage Menlo Park Distressed Properties: 8%
8% of all Menlo Park sales being distressed is not enough to have any effect on the overall market. This is evidenced by the appreciation and high activity level of the market.
If you have any questions about short sales or foreclosures in San Mateo Clara County please feel free to contact me.
Marcy Moyer
marcy@marcymoyer.com
650-619-9285
DRE 01191194
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