In Blossom Valley from Jan 1, 2012 until June 30, 2012 there were:

263 closed short sales

104 closed bank owned homes

Total sales during this time period were 626

Total % Short Sales: 42%

Total % REO Sales: 16.6%

Total Percentage  Blossom Valley Distressed Properties: 58.6%

58.6% of all Blossom Valley sales being distressed is enough to still have major 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, many homes will get multiple offers and the values should increase this year. It is interesting to see there are over two and half times as many short sales as bank owned sales which has also happened in other cities. This area is great for investors with a lot more activity than in some areas like East Palo Alto or Belle Haven.

If you have any questions about short sales or foreclosures in Santa Clara County please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

DRE  01191194

Marcy Moyer Keller Williams Realty Palo Alto, Ca. Specialist in Short Sales and Trust and Probate Sales

 

 
This post has been included in California Real Estate News Santa Clara County, CA Real Estate News San Jose, CA Real Estate News Blossom Valley (San Jose, CA) Real Estate News
Post is included in group: Short Sales Specialists
Post is included in group: Certified Distressed Property Expert
Post is included in group: Keller Williams 'Rainers
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Post is included in group: REO REALTORS

1 Comments on Blossom Valley San Jose Ca Short Sale/Foreclosure Round Up

AUG
05
583,321 Points

Hi Marcy,  thanks for sharing the market report with us..Always interested in viewing info from other communities.
12:58pm • #1


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Marcy Moyer C.D.P.E.

Palo Alto, CA

More about me…

Keller Williams Realty Palo Alto Probate & Trust Specialist

Address: 505 Hamilton Ave Ste 100, Palo Alto, Ca, 94301

Office Phone: (650) 619-9285

Cell Phone: (650) 619-9285

Email Me

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Marcy Moyer
Call: (650) 619-9285
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