San Jose Single Family homes
Active Short Sale Listings: 371
Active Bank Owned Homes: 77
Pending Short Sale Homes: over 578 (mls stops counting at 500 and there are more than 500 San Jose Short Sales waiting for bank approval, 41 bank approved waiting for buyer to remove contingencies, and 338 just waiting to close)
Pending Bank Owned Homes: 127
Sold Short Sale Homes, Last 6 months 378
Sold Bank Owned Condos/Townhomes: 378
That is an amazing coincidence!
San Jose Condo Townhomes
Active Short Sale Listings: 166
Active Bank Owned Condos: 78
Pending Short Sale Condos/Townhomes: 578
Pending Bank Owned Condos/Townhomes: 104
Sold Short Sale Condos/Townhomes: 210
Sold Bank Owned Condos/Townhomes 314
So, if you add up all the short sale activity there are/were 2281+ for short sales and 1078 bank owned transactions.
My conclusion: even there has been a lot of press recently about how foreclosure filings are up in California right now short sales are dominating the distressed property market in the city of San Jose.
If you have any questions about short sales or foreclosures anywhere in Santa Clara or San Mateo Counties please feel free to contact me.
Marcy Moyer
marcy@marcymoyer.com
650-619-9285
D.R.E. 01191194
Marcy Moyer Keller Williams Realty Palo Alto, Ca. Specialist in Short Sales and Trust and Probate Sales
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