In Portola Valley from Jan 1, 2012 until June 30, 2012 there were:
0 closed short sales
1 closed bank owned homes
Total sales during this time period were 32
Total % Short Sales: 0%
Total % REO Sales: 3.2%
Total Percentage Portola Valley Distressed Properties: 3.2%
Obviously Portola Valley is not a hotbed of distressed property activity. The one foreclosure was on a small house on Aliso in Ladera which sold for $1,075,000, a great price for that neighborhood. It is however a fabulous place to look for a home if you want a large lot, an incredible community feel, and plenty of local services as well as recreational activities.
If you have any questions about short sales or foreclosures in San Mateo County please feel free to contact me.