los altos short sales: Los Altos Ca Short Sale/Foreclosure Round Up
- 08/05/12 05:13 AM
In Los Altos from Jan 1, 2012 until June 30, 2012 there were: 3 closed short sales 3 closed bank owned homes Total sales during this time period were 192 Total % Short Sales: 1.5% Total % REO Sales: 1.5 % Total Percentage Los Altos Distressed Properties: 3% Again, we have a high priced neighborhood and almost no distressed property sales. Values are appreciating and there are more pople trying to buy homes than there are homes available. Additionally, there is very little new contruction before the crash, so there is not a big group of people who bought into a large development and (0 comments)
Single family and condo townhomes : Total sales: 353 Short Sales: 4 REO: 3 Distressed sales as a percentage of total sales: 2% Compare to 2010 Total sales: 354 Short Sales: 6 REO: 3 Distressed sales as a percentage of total sales: 2.5%
My conclusion: The percentage of distressed properties in Los Altos is virtually the same between 2011 and 2010. Also a 2-2.5% % distressed (0 comments)