In Los Altos from Jan 1, 2012 until June 30, 2012 there were:
3 closed short sales
3 closed bank owned homes
Total sales during this time period were 192
Total % Short Sales: 1.5%
Total % REO Sales: 1.5 %
Total Percentage Los Altos Distressed Properties: 3%
Again, we have a high priced neighborhood and almost no distressed property sales. Values are appreciating and there are more pople trying to buy homes than there are homes available. Additionally, there is very little new contruction before the crash, so there is not a big group of people who bought into a large development and are now underwater.
If you have any questions about short sales or foreclosures in Santa Clara County please feel free to contact me.