When you hear the term short sales, people automatically assume the homes in question are on the lower end of the economic scale. That’s probably a normal reaction to how the media depict those who are unable to pay their mortgages.
But what segment is growing fastest in the short sales world? The $1M and above market.
Here inSilicon Valley, the numbers are skewed a bit higher. Right now in the MLS, the highest price for a short sale is $8.495M for a property in the toney town ofWoodside. Below are the top 5 highest priced short sales, ranging from $8.495 M to $2.45M.
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