It's the end of the year so time for the round-up of distressed property sales in San Carlos. So here's what happened:
Single family and condo townhomes :
Total sales: 357
Short Sales: 24
REO: 18
Distressed sales as a percentage of total sales: 11.7%
Compare to 2010
Total sales: 312
Short Sales: 17
REO: 10
Distressed sales as a percentage of total sales: 8.6%
My conclusion:
The percentage of distressed properties in San Carlos is a higher in 2011, 11.7% as compared to 2010, 8.6%. However, at this point the percentage is still ow enough not to have a major effect on property values.
If you have any questions about short sales or bank owned homes 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
