The first quarter of 2011 has net seen a lot of activity of distressed properties in Menlo Park. Here’s the update:
1. Sold foreclosures: 4 single family home 0 condos All are in the Belle Haven neighborhood
2. Active and pending foreclosures: 5 All single family homes: 3 Belle Haven, 2 West of 101
2. Active and pending short sales: 21 20 single family homes and 1 condo 14 are east of 101 and 7 are west
Total Homes sold in first quarter: 86 (combined single family homes and condos)
Total Active and Pendings: 162
As you can see the percentage of distressed properties is still very low in Menlo Park. There have been more in Belle Haven, east of 101, but overall the numbers are still quite low. The number of short sales is higher than REOs, so that may be an option for people looking for a good deal.
If you have any questions about short sales or bank owned properties in Menlo Park please feel free to contact me.
Marcy Moyer
Keller Williams Realty
marcy@marcymoyer.com
650-619-9285
D.R.E. 01191194
Federal Government Disclaimer (MARS): 1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject the offer, you do not have to pay us. If you accept the offer, you will have to pay us commission as agreed to in listing contract for our services.
2. Marcy Moyer of Keller Williams Realty is not associated with the governmPublish Postent, and our service is not approved by the government or your lender; and
3. Even if you accept this offer and use our service, your lender may not agree to change your loan.
Marcy Moyer Keller Williams Realty Palo Alto, Ca. Specialist in Trust and Probate Sales
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