Redwood City Distressed Property Watch 2011

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

It's the end of the year so time for the round-up of distressed property sales in Redwood City. So here's what happened:


Single family and condo townhomes 2011:

Total sales:  553

Short Sales: 91

REO:           49

Distressed sales as a percentage of total sales: 25.3

Compare to 2010

Total sales:   600

Short Sales:   93

REO:            78

Distressed sales as a percentage of total sales:  28.5


My conclusion:

The percentage of distressed properties in Redwood City is a little lower in 2011, 25.3% as compared to 2010, 28,5%. This is dues to a 40% decrease in REO sales in 2011. It will be interesting to see if the rumored release of REO inventory actually happens, and increases the percentage in 2012, or if the econmy picks up and helps people afford their homes.

If you have any questions about short sales or bank owned homes please feel free to contact me.

Marcy Moyer

Keller Williams Realty


D.R.E.  01191194

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



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Menlo Park Real Estate and Homes for Sale
Wende Schoof - Menlo Park, CA - 650.504.0219 - SF Peninsula

Marcy, these are a great series of posts and very helpful to realtors and the public who are interested in buying or selling homes.  Thank you for sharing these stats.  You really know your stuff!

Jan 03, 2012 03:31 AM #1
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Marcy Moyer

Probate, Trust, and Investment Specialist
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