Menlo Park Ca Distressed Property Update: 12/3/10

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Real Estate Agent with eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales B.R.E. 01191194

One of my Menlo Park short sale listings

 

Menlo Park, Ca. Distressed Property Update

Are you waiting for a distressed property for sale in Menlo Park so you can snatch a bargain, or are just curious about them? Well, there are a few of these types of sales, but not many. Short sales, as in other places, are more common than foreclosures. Most banks are at least giving homeowners the option to try to do a loan modification or short sale before foreclosing. These options do not always work, but they are worth a try.

Active Short Sale Listings:  8 

Pending short sale listings:  14

They break down neighborhood wise into:

west MP: 1

Central MP: 1

East of El Camino and west of 101: 5

Avenues: 2

Belle Haven: 14

 

Closed Short Sales since Jan 1, 2010:  17

West MP: 2

Central MP: 0

East of El Camino/West of 101: 1

Avenues: 3

Belle Haven: 11

 

 

Foreclosures:

Active listings:  6

Pending:   5

Breakdown by neighborhood:

West Menlo Park: 0

Central: 2

East of El Camino/West of 101: 2

Avenues: 3

Belle Haven: 3

 

Closed since 1/1/10:  19

Breakdown by neighborhood:

West Menlo Park: 0

Central:0

East of El Camino/West of 101: 2

Avenues: 2

Belle Haven:15

 

There have been 369 sales of homes and condos in Menlo Park  since Jan 1, 2010 so the percentage of distressed home sales is not enough to have much influence on the market yet, except in Belle Haven.

However, I think that there more may be coming in the next few years.  If you need to sell and owe more than your home is worth I would be happy to have a confidential discussion with you about your options. I am an experienced short sale realtor.  If you are interested in purchasing a short sale or reo property I would be happy to speak with you about what you need to do to successfully purchase one.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

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Marcy Moyer eXp Realty of California  Specializing in Probate and Trust Sales, and Rental Investment Properties

 

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