It's the end of the year so time for the round-up of distressed property sales in Redwood City. So here's what happened:
Single family and condo townhomes 2011:
Total sales: 553
Short Sales: 91
REO: 49
Distressed sales as a percentage of total sales: 25.3
Compare to 2010
Total sales: 600
Short Sales: 93
REO: 78
Distressed sales as a percentage of total sales: 28.5
My conclusion:
The percentage of distressed properties in Redwood City is a little lower in 2011, 25.3% as compared to 2010, 28,5%. This is dues to a 40% decrease in REO sales in 2011. It will be interesting to see if the rumored release of REO inventory actually happens, and increases the percentage in 2012, or if the econmy picks up and helps people afford their homes.
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 Short Sale Superstars LLC. 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