Mountain View Ca Short Sale/Foreclosure Update Nov 4, 2010

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

Marcy Moyer's Sells Short Sales

 

Mountain View Ca. Short Sale and Foreclosure Update 12/4/2010

Are you waiting for a distressed property for sale in Mountain View so you can snatch a bargain, or are just curious about them? Well, there are a few of these types of sales, but not that 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:  20 

Pending short sale listings:  30

Closed Short Sales since Jan 1, 2010:  23

 

Foreclosures:

Active listings:  8

Pending:   9

Closed since 1/1/10:  18

 

There have been 470 sales of homes and condos in Mountain View  since Jan 1, 2010 so the percentage of distressed home sales is not enough to have much influence on the market yet. If the percentage gets over 10% then we will see a greater downward pressure.  The majority of both short sales and foreclosures are in the townhome/condo market rather than single family home, but there are also a lot more condos and townhomes in Mountain View than there are single family homes.

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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Bryan Robertson
Los Altos, CA

Mountain view has been really strong this year, even in the lesser areas.  I'd be surprised if we see anything but a steep decline in short sales and foreclosures going into 2011.  Most of the homes that come on these days West of El Camino sell fast and for at or above listing prices.  Hopefully that'll continue to pull up the rest of the market.

Dec 05, 2010 07:26 AM #1
Rainmaker
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Marcy Moyer
eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales - Mountain View, CA
Probate, Trust, and Investment Specialist

I do not think there will be a steep decline because there are not that many now and there are still people who are underwater who may have to sell. Let's check back in to this next year and whoever is right gets to buy the other one a coffee, tea, or smoothie.

Dec 06, 2010 02:17 AM #2
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Jake Burton
DoHardMoney.Com - Salt Lake City, UT

Are there not any deals on private funding anywhere in AZ or CO?

Dec 08, 2010 01:48 AM #3
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Marcy Moyer

Probate, Trust, and Investment Specialist
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