sunnyvale reo: Sunnyvale CA Foreclosure/Short Sale Roundup
- 07/15/12 10:54 AM
In Sunnyvale from Jan 1, 2012 until June 30, 2012 there were: 58 closed short sales 32 closed bank owned homes Total sales during this time period were 447 Total % Short Sales: 12.9% Total % REO Sales: 7.1% Total Percentage Sunnyvale Distressed Properties: 20% 20% of all Sunnyvale sales being distressed is enough to still have some effect on the overall market. However, as inventory is still so low unless these homes are truly physically distressed, which is more common with bank owned homes at this level, it probably will not have a long lived effect. It is interesting to … (0 comments)
Single family and condo townhomes : Total sales: 835 Short Sales: 111 REO: 73 Distressed sales as a percentage of total sales: 22% Compare to 2010 Total sales: 849 Short Sales: 106 REO: 89 Distressed sales as a percentage of total sales: 23%
My conclusion: The percentage of distressed properties in Sunnyvale is virtually the same in Sunnyvale between 2011 and 2010. This percentage is starting to … (1 comments)
sunnyvale reo: Pay It Forward: EVeryone is working hard and deserves a thank-you
- 11/20/10 02:20 PM
It is not easy to close a transaction, and an REO is no exception. In my area we do not have a lot of bank owned properties for sale. Even in 2009, when San Jose had a good number, the northern part of Santa Clara County had very few foreclosed homes as a percentage of listings, and newer, nice homes were even harder to find. In 2010 the REO inventory has been few and far between, so when a 4 year old home in the western part of Sunnyvale came on the market I had a buyer who jumped on it … (7 comments)
In Sunnyvale from Jan 1, 2012 until June 30, 2012 there were:
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