This is a chart of all the single family foreclosures sold in San Mateo County in 2013. Of the 113 single family bank owned homes the average sales price vs list price was over asking every month this year except for the 1 home that has closed in November. This was a Fannie Mae Homepath home and they are notorious for overpricing their REO homes and only very gradually lowering the price .
San Mateo has had 38 condos/town homes … (3 comments)
san mateo county foreclosures: San Mateo County short Sale/ Foreclosure Update 2013 First Quarter
- 04/04/13 06:35 AM
Looking for a distressed property in San Mateo County? Don't hold your breath. San Mateo County has very few short sales or bank owned properties this year. Here are the numbers: Number of San Mateo County homes for sale (single family and condos): 589 Active San Mateo County Short Sales: 19 Percentage of San Mateo County homes for sale that are short sales: 3.2% Active San Mateo County foreclosures: 16 Percentage of San Mateo County homes for sale that are foreclosures: 2.7% Percentage of total San Mateo County distressed sales: 5.9% This is not enough to have any effect on total home values. Many … (0 comments)
Current Active Sales: Bank Owned: 17 Short Sales: 22
Current Pending Sales: Bank Owned: 44 Short Sales: 310
As you can see … (0 comments)
san mateo county foreclosures: My Contribution to Shoring Up The Values of Foreclosed/ Short Sale Homes In The Bay Area Distressed Property House Sitters
- 10/05/10 07:53 AM
( This post is only partially in jest and partially serious ) While places in the Bay area like Palo Alto and Menlo Park only have a few foreclosures, other cities like San Jose or Daly City can have up to 10% of the homes for sale foreclosed, and 30% can be short sales at any given time. The foreclosed homes are generally vacant, and some of the short sales are also. The problem with this is that the longer a home is vacant and not maintained because either the owner is a bank or has no money, as in a … (0 comments)
The short answer to the question are bank owned homes still a bargain in San Mateo County in 2013 is NO.
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