reos: California is Number 4!!!!--and this is NOT a Good Thing--and SF REO Update
- 01/03/09 09:51 AM
I was reading an article by RealtyTrac (or using their data--not a plug as I am NOT a fan--just giving credit where it might be due) and it talked about the "Top Ten Foreclosure States (as of October)". Number 1 on the list was Nevada with 1 in 74 homes. Guess too many people gambled on Vegas instead of in Vegas? J Arizona was close behind with half the number or 1 in 149 homes; then Florida close with 1 in 157. And...drum roll please...California was number 4 with 1 in 231 homes in foreclosure. And where does my hometown of … (0 comments)
reos: San Francisco Short Sale and REO QUIZ!!!
- 12/18/08 06:37 AM
As one of the few people in my office who does these transactions, I did a brief presentation on Short Sales and Foreclosures Statistics in San Francisco last week at our weekly business meeting. Try taking this quiz yourself to see how knowledgeable you are...answers someday! SHORT SALE & REO QUIZ (As of December 7-8, 2008)
TRUE OR FALSE:
1. Every district in San Francisco has at least one distressed property. T ___ F ___
2. One in 10 homes in America is in danger of foreclosure. T ___ F ___
3. There are more than 100 … (2 comments)
reos: Real Estate Statistics: 94608, OAKLAND
- 07/17/08 12:42 PM
I have worked in this zip code for a few years now and I love the location on the Emeryville border with the close proximity to San Francisco. I had a recent listing that sold quickly (less than 3 weeks), with multiple offers and over asking. My current listing--a block away--is 200 square feet larger, has a full basement, an exterior building, a half bath and off-street parking. All this for less than $20,000 more than my previous listing. (See for yourself: www.1058-54.com ) So I checked the stats to see what might behappening in this great neighborhood. The sold houses have … (0 comments)
reos: OAKLAND: 94621 Stats and Musings or Where is Everybody or Anybody?
- 03/29/08 07:14 PM
I was doing some research for a client and thought that I would share some of my findings here. I am only looking at a small segment of the market--one zip code in Oakland: 94621--and at two-bedroom, one-bath single-family homes. In all of 2007, 49 2-BR, 1-bath homes sold in this zip code ranging from a low of $180,000 to a high of $485,000 (quite a range). The median price is barely 61% of what it was last year. Why so dramatic a change in a short amount of time? If 5 houses sold (closed) the first quarter of 2008 and that rate … (2 comments)
reos: East (Oakland) vs. West: Some Interesting REO (Foreclosure) Stats
- 03/24/08 04:26 PM
Having half my business in the East Bay, I am a member of the Oakland Association of Realtors. Whereas I live in San Francisco, I enjoy working in parts of Oakland as well as it is more affordable for many of the first-time buyers with whom I work. As I have mentioned before, there are very few REOs (foreclosed or bank-owned properties) in San Francisco. Across the Bay, it's a different story and an excellent opportunity for investors! I'm partial to North and West Oakland near Emeryville and Berkeley. Currently there are half a dozen 2-BR detached houses for sale $350,000 or less that … (1 comments)
reos: Interesting SF Real Estate Stats
- 02/25/08 05:19 AM
I was playing around the MLS today as I had someone looking in the $500-700,000 range. As our median price is over $800,000, I thought that it would be interesting to see how many homes were in this range. There are currently 214 homes (single-family residences) for sale at $700,00 and under. This is 42% of the available inventory. The total number of SFR's for sale in San Francisco is 505. Of these, only a handful are REO's (foreclosures). Even with the inclusion of all property types, there are less than a dozen REO's in San Francisco. Short sales are a diffent story. … (0 comments)
I was reading an article by RealtyTrac (or using their data--not a plug as I am NOT a fan--just giving credit where it might be due) and it talked about the "Top Ten Foreclosure States (as of October)".
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