It's the end of the year so time for the round-up of distressed property sales in Mountain View. So here's what happened:
Single family and condo townhomes :
Total sales: 563
Short Sales: 62
Distressed sales as a percentage of total sales: 17%
Compare to 2010
Total sales: 572
Short Sales: 50
Distressed sales as a percentage of total sales: 15.5%
The percentage of distressed properties in Mountain View is a higher in 2011, 17% as compared to 2010, 15.5% but the majority of these distressed properties are in the lower price range of Mountain View sales so are being purchased by investors and first time home buyers. West of El Camino is not seeing much distressed property activity.
If you have any questions about short sales or bank owned homes please feel free to contact me.